You need to stop wasting precious time. I have had members who’ve been with me for 15 years and haven’t even taken a trade. I have written this article in a way that you can relate to the problems with traders wasting time. Ready? #1. Wait for Inspiration Trader A: “I just can’t trade today. I’m waiting for that magical moment when inspiration strikes!”...
We've held onto the Sasol short and extended the take profit. Purely based on the bigger picture on a weekly chart. There's an even larger Inv Cup and Handle. Price has broken below the Brim level and entered into a Down regression channel. By the looks of it, the price will tank down to R83,96. The nature of the trade is HIGH probability as the Price<20...
Technically we see an M Formation on Tesla. The price broke below the neckline and the price is both below the 20MA and the 200MA. The nature of this analysis is HIGH probability. We, can set the first target to $100 and then next to $80. And if it breaks further we are talking $60.... But let's see. There is fire in the EV space. With crashes, glitches,...
Standard Bank has formed an M Formation. The nature of the analysis is down and is a sell as it's broken below the neckline and the price is below both the 20 and 200MA> So it looks like the next target is R150.00. FUNDAMENTALS Fundamentals also came out today and yesterday which could influence the price and the large candle today. Standard Bank Group...
These are the type of stocks that I don't even give one breath of a time to see. Yes I'm doing that now, but the thing is there are MANY traders who think these are the stocks they can buy at 1 cent and hold to 4c - 400% return and this can lead to one of three ways. 1. You hold forever 2. You strike lucky and it actually does go there 3. It goes to 0 and...
I always feel hesitant making big predictions for Penny Stocks. Especially after they've been through hell and more hell. Well, all I can say is there seems to be some stability around the lows of 49 cents, where the demand and buying keeps pushing the price back up. So if we get a break above the brim of the cup, we could see this market rally to...
Gold has been moving very nicely this year. First it broke out of a MASSIVE Symmetrical Triangle that lasted an entire year of sideways movements. Then it shot up, formed a W Formation and then just rallied up with a high inclination. I'm talking over 60 degrees up. So, the momentum is strong (bubble style) but still strong. And the target remains at $2,236....
16,956 target reached easily. This was based off the W Formation and the price breaking above the neckline. Then we had the run up which surpassed the first target of 16,956 - Text book. Now the price is heading to the next target at 18,800. This is purely based off a momentum trending strategy. The bull run is not over until it's over... So trade...
Symmetrical Triangle was a a text book trade. The previous trend was up. Price broke above the apex 3/4s in and the momentum continued up. We had further indicators of confirmation for upside to come. Price>20 Price>200 Target 1 R206.03 So what now? Well we can expect somewhat a consolidation, and a potential Cup and Handle to form. Then we have the next target...
We’ve all had this moment. Where we stare at our screens, scratching our heads, wondering a bunch of stuff. Why is this so slow? Why can’t I press the button Where am I going wrong? We’ve chased trends, hesitated when we should have acted, and let our emotions play puppeteer with our portfolios. Today is the turning point. For you! It’s time to say… “I’m...
Looking at the daily chart, the rate at which Bitcoin has shot up is at an inclination of something around 60-70 degrees. This could be bubble territory for downside to come. But NOT a crash. There are two scenarios here. 1. Bitcoin rallies to $105,000 in 2024 If a rounding bottom is established with the price rallying above the neckline, the anticipation...
The W Formation target reached at R12.60. We then had a skew Cup and Handle, which the price has broken above its brim level today. It's another High Probability position as the Price>20 Price>200 Next target will be at R14.40. WIll update you on anything if it changes.
Well this analysis took forever. The price broke above the Broadening Reverse Symmetrical Triangle (If there is such a thing) in June 2023. If you held on this long to exit and bank a profit, you would be lucky if you even made some money considering the daily interest charges on CFDs... However as a share and equity investor, this position would have been...
Bell Equipment reached our first target R20.54 in November 2023. It then had a mark-up phase before consolidating into a W Formation. Once the price broke above, we knew demand and buying was still on the cards. technically we have price above both 20MA and 200MA. So the next target for Bell Equipment is set to R28.68. ABOUT THE COMPANY Bell Equipment...
This is from the last update. We saw an Inv Head and Shoulders from AUg 2023 to December 2023. The price then broke above the Brim and the entire market went through an uptrend trajectory. Higher lows each time, one fakeout, then a continued bullish momentum nuation. Price remains above the 200MA and 20MA which signals upwards to come. The target remains...
These Penny type stocks are very difficult to analyse technically. There is little volume, high volatility and almost no liquidity. You can see this by jumping candlesticks between ranges (bids and offers). So we can deduct a few things but with less certainty than with Blue Chips. 1. Downtrend broken 2. Price ready to break above 200MA - Bullish trend 3....
If you remember from November when I first sent this article, we pinpointed that there was an evuidential Wycoff Method and phases taking place with Bitcoin... We based this on the starting for the phases in 2020 up until 2024 where it has ALMOST reached our first target for 2024 at $71,350/. Now just because we have a target, does NOT mean we will go short or...
SInce the Nasdaq reached our take profit, our hands have been sat on! It's tricky for a breakout trader to trade the trends. We never know how long to hold on for (with daily interests that eat up our portfolios). So, I can only assume the uptrend will prevail until it reaches a target of 18,800. This is most likely where the US 30 will reach its target at...