Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Glencore did not take long to reverse after the previous analysis. The stock was in a hurry and did not go low enough to test the lower support channel. The strong reversal from 8708 has prompted an update with wave labelled as a zigzag pattern and price has now broken out of the channel added further evidence that the...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Dischem is still trading in the fifth and final wave of the advance from May 2023. Wave is unfolding as an ending diagonal pattern and has surpassed the previous target of 3300 cps. There is also a clear loss of momentum in the stock as new highs have not been confirmed by the MACD thereby giving a bearish divergence...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Price has pulled back sharply after reaching 6655 cps. The invalidation level of the bullish outlook at 5186 is under pressure but still holding. What is a positive sign of a potential reversal is the reverse (hidden) divergence as the MACD has made a new low relative to the 2023 low but price has not. I am...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Jubilee did not waste time breaking out of the falling wedge since the last analysis. Volume has been good on the breakout and for the first time since March 2020, we have a 12/26WEMA cross buy-signal. The longer the stock stays above the resistance line, the greater will be my conviction that a bottom is in at 109 cps. Buy...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Nedbank has finally broken out of a two year consolidation-continuation pattern. The stock looks set to have its second consecutive weekly close above the resistance line. The breakout has been on average volume but is valid nonetheless. I will maintain a bullish stance above 20000 cps with a medium-term target of a new...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Price broke below 1115 thereby invalidating the outlook that wave (2) was in. I have adjusted the wave count and have wave (2) now at 995 which is the new invalidation level for aggressive longs. The primary invalidation level remains 921cps.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. It's been a slow grind for PPC since the bottom in 2022. The stock is trending up, albeit at a very gentle sloping channel. I am neutral on this one as fundamentals haven't looked good in a long time. A test of the lower support trendline would be the ideal buy level.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. MTN had a deep pullback since the previous analysis. Critically, 7753 held and stock looks to be catching big again. This re-test of 7753 can be seen as the bears failing to make a new low which is bullish. I maintain the bullish outlook so long as 7753 holds.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis Momentum has consolidated in a tight range since the last coverage. I am still looking for a break above 2270 for more conviction that the trend has changed. I remain bullish on the stock though there is no real momentum behind the attempt to breakout.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis Since i started covering Quilter I have stated that a bottom looks in at 1661. What followed was a prolonged period of sideways movement but price always held above 1661. The breakout towards the end of 2024 has been decisive and the recent consolidation looks to be a good entry point as the bulls seem to have the...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. AVI has trended upwards strongly since the last analysis, adding conviction to the Triple Bottom reversal outlook. The stock is now facing resistance between 9000 to 9200 and a clear breakout could take the stock towards 11000cps. I am favoring the bulls with corrections providing "buy the dip" opportunities.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. There's a case to be made that the five wave decline from 3150 is complete. If that is the case, 914cps should hold and the bear market bottom is in. I am looking at the advance from 914 to 1218 as wave (i) and the pullback as wave (ii); wave (ii) may not yet be complete but should terminate above 914 for this bullish...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Argent has had a strong run from the 2015 bottom at 302cps. The advance is unfolding as a five wave Impulse labelled wave (1) to (5); the stock is currently in wave 5 of (3) with wave 4 having terminated at 1101cps. Wave 5 of (3) itself looks to be unfolding as a five wave impulse that is currently in wave {iii}; wave {iii}...

Loyiso_BlaqueSoros_Mpeta

See link below for the long-term view. Looking at price action from 14662: The advance to 20300 is a leading diagonal for wave 1. The correction to 15503 is a zig zag for wave 2. The stock is now in the early stages of wave 3 which can only be a five wave impulse. Waves {i to v} in green give the idealized road map for wave 3. 15503 is the secondary...

Loyiso_BlaqueSoros_Mpeta

This is the first time of ARM. The big picture is one of very volatile swings in price as can be seen by the points and percentage changes in price when the stock is in bear mode. 2005 to 2008 was a great bull market where all one had to do was buy and hold. 2008 to 2016 was a big bear market that unfolded in a three wave zig zag pattern. The advance from 2016...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Netcare recently broke below 1130 invalidating the outlook I had that a bottom was in at that level. There's a minor adjustment in the wave count with wave 4 of (C) a flat pattern and wave 5, starting from 1738cps, looks to be taking the shape of an ending diagonal. As to how much lower wave 5 can go is anyone's guess but I...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Little has changed with Hulamin since the last analysis, 6 months ago. If anything, price is consolidating further in a Contracting Triangle; a contracting triangle is a neutral pattern and as price consolidates towards the apex, the breakout tends to be more violent. I remain neutral until we get a clear breakout.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Oceana traded bullishly as previously forecasted. The stock has found resistance at the Double Bottom Neckline zone between 7450 to 7990 cps. Price has consolidated at this range which indicates that the bulls do not want to give the initiative. A clear break beyond 8000cps, preferably on high volume, will validate the...