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...
This is a bit out of my expertise. THe price broke above the pattern and reached the first target. Since then it's bneen a trenders market. Simply buying, holding and raising stop losses above in case the trend changes. They have their systems and strategies, and I'm just waiting for a Breakout pattern to form. However, the price is above both 20MA and...
Rectangle formation has completed with Merafe. There has been a strong bullish sense with the stock, where the price action has shot above the pattern and is showing upside and demand to come. We are seeing other signs as well with optimism. Price>20 Price>200 Target 1 will be at R1.72
Since the price broke above the brim level for PPC, it's since formed a DIamond FOrmation. There are TWO scenarios we can see: A bullish Diamond broadening formation. It resembles a diamond with high volatility and jumpiness between the price range. We wait for the diamond to form and then wait for the breakout to the upside. A bearish Diamond broadening...
Two formations occured with TCP. The first one was a W Formation which broke above the neckline and headed to the target 1 of R6.88. The second, was yet another W Formation which the price broke above the neckline. And it was considered in the HIgh Probability trading range as the price was above both 20MA and 200MA for the first time in a long time. SInce...
To trade well is nothing more than a calculated dance on the trading floor. You need to navigate the volatile seas of markets and understand the essential elements of a trade. And whether you’re a newbie or the MOST experienced trader out there, you need to adopt the same quintessential factors with your trading. And that is, the elements that make a...
This has been a long winded analysis. We sent out this one on 22 Dec 2023, which gave a Conservative entry from the Dimaond Breakdown. And now the momentum is picking up to the downside. We also have an Reverse Inv Cup and Handle which is rare but also effective. The Nature is still High probability as the Price is below BOTH 20MA and 200MA. Target...
Bearish Diamond formation is potentially forming on JSE Top 40. We've seen bearish tendencies for the market with momentum downside. Price<20 and Price<200 - HPT We DO need this price to break below the Diamond before the likelhood is higher for big downside. But knowing indices, they always tend to suprise and the market makes a big rally. ANyway, the...
Not my favourite market to trade due to the high volatile nature. But the analysis has shown, upside is likely to come. The price is above both 20/200SMA and it's formed a Cup and Handle pattern. Conservative traders might wait for the retrace and bounce before getting it. Aggressive traders would already be in it. BUt the target for Santam will be...
Today, we’ll start with what Fibonacci is and how to use it to spot significant market turning points. Let’s start with... A short story about Fibonacci In 13th century Italy, lived a man named Leonardo Pisano – one of the greatest mathematicians of all time. Leonardo (also known as Fibonacci), learnt all about Arabic and Indian mathematics during his...
Haven't done an update on Nvidia in ages! The last one I did was for the members in May 2023. So yes, the price broke up and out of the pattern - hit the target level at $562. Now what? I hate predicting Reversals when the market is trending up as there are elements of ego that play around. So if it goes up, go for it! But there are certain potential...
You can learn a lot from the classic board game we all know and love: Monopoly. And as a trader, if you decide to play it again with your spouse or children – you’ll find the game to be very different. That’s because you have a better sense of risk, reward, probabilities and money management. You have the patience to grow a sizeable portfolio and eventually...
Sun International has been a roller coaster of a ride. Been swinging between R38.00 and R42,50. Well, lately we've seen higher lows, and the price keeps touching the top. It's like hitting thin ice. Eventually it'll break up and out. So, let's see what it does. UPDATE: Over the past year, the most notable insider purchase was made by CEO & Executive...
We see a W Formation, with the price moving and completing the right Double Bottom. Once we get a breakout to the upside, we could see major upside to R11.25. Right now and it's a wait and see but the fundamentals look good. UPDATE: On February 16, 2024, the company announced an expected 45% increase in revenue for the six months ending December 31, 2023. ...
We see Merafe has definitely entered into a Rectangle formation. Price is remaining above the 200MA where it could range between the high and low. We definitely need a breakout to the upside, before we see upside. The target potential will be at R1.61 if the price breaks above the Rectangle. Now I wouldn't be that positive and optimistic with this analysis,...