For this week’s stocks in play I thought I should include more setups with profit targets instead of just writing about my trades with long term plays. I’ve been noticing some short term opportunities when doing my market scan. Let’s look at this week’s stocks in play Anglo Gold We have an inverse head …
The past couple of weeks have been largely one of those “sit tight and do nothing” type of weeks. The market is starting to look a bit better. The top40 index is back above the 50 and 200 day EMA. Still a long way to the 64k resistance. Which is break would likely trigger a …
Top 40 The top40 index had a decently quiet run. To test the 200 day EMA. So far stopping a potential death cross. Let’s see that this week the market will crack the R59k old support. However the index is unlikely to do anything special below the 63.5k resistance. For some returns the top40 stocks …
The market sprung back to life this past week. We saw the top40 index up a little under 5% during the course of the week. Aspen is one of the stocks that moved sharply the past week. Looking well poised to continue that rally. The top 40 index still has the 300 day EMA to …
The JSE has had a tough couple of weeks particularly in the PGMs and gold miners. Dragging the top 40 index along with it. The Chinese crackdown on big tech didn’t help the Naspers. Because of its exposure to Tencent. The top 40 index slipped to a new 2021 lows. Banks are looking quite strong, …
I don’t think the top 40 index is going to do anything special for as long as it’s below 63.5k. Currently having a tough time with the 50 day EMA. Staying on the wrong side of the moving average. With the broader market being stuck in a range, opportunities for trending stocks dry up as …
Our top 40 index is still range bound. The last sell of didn’t quite reach the base of the range. Still having a tough day with the 50 day EMA so don’t get too excited. But when looking into the single stocks there’s quite a bit of stocks setting up quite nicely for the next …
It was a peculiar week in our market this week. The broken there for a while on Wednesday only started trading at 14H30. The market had a record volume which was twice the prior record. This was a result of the Naspers & Prosus share swap. The market traded pretty much as normal in the …
The market is fairly quiet these days. So I took the opportunity to zoom back to look at the long term view of our market. Taking a look at some monthly charts. To get a sense and remind myself of the market’s long term trend. The top 40 index flirting with new highs Lets take …
Certainly our JSE is looking quite bullish at the minute. The top 40 index staying well abve the 50 day EMA. 63k seems to be a graveyard in the sky. If the market can break free from the range. We could be in for a bull run for a few years. Number of stocks building …