The JSE market looks quite strong this week. We could see the top40 finally breaking through the 63k points resistance. Commodities look like they are going to lead this next phase of the bull market. We see strong numbers coming from the sector and giant dividends being announced. The banks are also looking like they’re …
JSE Top 40 index J200 has been pretty much flat since February stuck between 59k – 63k. A great 5 months for long term index investors they had 5 months (and counting) of adding to their portfolios without moving the average buy by much. The index held both the 50 day EMA and the 200 …
There are times in the markets, when the good thing to do is frankly nothing. The 40 pretty much flat the past 4 week. The index stuck between 63k and 59k points. With the broader market flat like that. Opportunities dry up. Forcing trades in these kinds of markets will only cause damage to the …
African Rainbow Minerals We have a head and shoulders breakout on the stock. With the stock looking it is finally winning the battle between the 50 and the 200 day EMAs. The neckline had been a significant support. I will start building my position at the open on Monday with a stop loss just below …
Aspen Pharma I got stopped during the recent sell off at the JSE ironically on the last day of the sell off. The stock violated the 50 day EMA for a couple of days. I got trigger back in the trade when the stock closed back above the support of the R161 – R167 box. …
Seems like we are in a healthy bull market at the moment. Banks looking fairly strong. PGM miners experienced some selling off, 2 held up. Fund managers are roaring, not surprising considering the current market. Here are my this week’s Stocks in play African Rainbow Minerals (ARI) The stock has been consolidating for about 18 …
I have recently made a significant change to my trading system. This significant change is actually quite minor. The change is in how I define a primary trend. Initially I used the 30w EMA relative to the 60w EMA. I will now use 50d EMA relative to the 200d EMA. 50d EMA above 200d EMA …
Capitec Position Average Entry: R1480 Quantity: 1 Stop loss: R1234.5 (-R245.5 risk per share) Profit/Loss if stop is hit: -R245.5 (-3.11%) Waiting for a close above R1480 ____________________________________________________________________ Firstrand No Position Waiting for a close above R53 ____________________________________________________________________ Distell Position Average Entry: R114.69 Quantity: 26.9 Stop loss: R111.53 (-R3.16 risk per share) Profit/Loss if stop …
Distell Trade Summary 11 April 2021 Average entry: 10612c Position size: 12.9 Stop loss: 10629c Risk: +219c Risk%: 0.03% Distell looked like it was breaking and closing on the higher box on Wednesday, but the closed back into the current box. Closing on Wednesday with a kangaroo tail, but was engulfed the next day so …
Weekly chart analysis 4 April 2021 Financials Our financials have been a the bottom of the “K” shape recovery. However the index (J212) is looking rather bullish breaking into higher boxes. Last week we had a nice doji candle as the 50w and 60w EMAs held as support. That was followed by a higher close. …