Measured over daily, weekly and monthly time frequencies The universe is the constituents of the JSE All Share index. Some financials!
Increase bearish stance according to our proprietary technical scoring methodology. Gann squares highlighting the repeating sequence. Look at that MACD crossover! Time to exit: +-/ 18 October 2019
A confluence of bullish technical indicators supports the bias. Strong upside price momentum is supporting the trend direction. Time to exit: +/- 11 October 2019
Bullish flag pattern might support upside potential. MACD (lower panel) just above the zero line. The bearish crossover will be a concern. Time to exit: +/- 21 October 2019
Overall bearish technical score according to our proprietary scoring methodology. Will that M-top pattern develop further? MACD bearish trend remains intact. Time to exit: +/- 22 October 2019
Lower peaks and lower troughs pointing to an underlying bearish bias. Remains close to its lower 2 standard deviation range (blue line). The downward trajectory of the blue line is supporting a bearish bias. Bearish MACD crossover. Time to exit: +/- 4 October 2019
Lower peaks and trough in the price action. Crossed below its 200-day simple moving average. MACD bearish crossover. Downward price momentum Time to exit: +/- 28 October 2019
Improved bullish technical scoring according to our proprietary methodology over the last couple of days. A conflux of technical indicators supports a bullish bias. MACD bullish crossover. First signal in the last 22 days. Lower panel is the Coppock Curve developing a trough. Upside momentum will most likely to support the bullish bias. Upper Bollinger Band...
The blue band is the lower two standard deviation range. High probability for a mean reversion. Mean reversion is a theory used in finance that suggests that a share price will revert to the long-run mean (black thin line). Time to exit: +/- 1 October 2019. Risky trade with a 6.3 stop loss.
Price streak and momentum streak close being at the historic maximum. In RSI overbought territory. At resistance. Time to exit: +/- 7 October 2019
Crossed above its 200-day simple moving average recently. First signal in the last 27 days. Recently crossed above its 8-, 13, 21-day simple moving averages. Crossed above its 50- and 100-day simple moving averages. First signal in the last 31-days. MACD bullish crossover. PARsar bullish trend change. Heikin-Ashi bullish trend. Crossed above its 8-day linear...
At some major support. Break below can easily see a correction to 905 and 870. Time to exit: +/- 2 October 2019
A conflux of technical indicators supports a bullish bias. Setup remains risky as it is only an expected counter-trend relief rally. The blue line on the main chart is the lower two standard deviation range. Increasing probability for a relief rally as the price action is overextended to the downside. MACD (lower panel) confirms a bullish trend...
A conflux of technical indicators pointing to a bearish bias. If the share will not be finding support around 80500 (lower range of inclining channel) then further downside may be possible. Crossed below its 8-day simple moving average. First crossing in the last 12 days. Crossed below its 13- and 21-day simple moving averages. First crossing in the last 10...
Breakout from the ascending triangle pattern. Might retest the breakout level. A scenario of walking the bands may unfold as strong upward momentum is supporting the price action. Time to exit: +/- 16 September 2019
Improving technical trend score according to our property technical analysis methodology. The idea is regarded as a counter-trend rally as the overall trend remains bearish. Apply proper risk management and adjust risk accordingly. Crossing above its 8-day simple moving average. Crossing above its 13-day simple moving average. First signal in the last 20...
Will the ascending triangle pattern aim for 18840? Just above the 200-day simple moving average. OBV increasing - indicating that money is flowing into the share. Setup remains risky. Time to exit: +/- 13 September 2019
Previous 11-day price streak of such magnitude ended in January 1987 when the rand was at R2.06 against the dollar. During this year, the rand continued to strengthen to R1.8744. In December 1987 the rand started its journey of weakness moving from R1.8744 to current levels of R14.60 Will history repeat itself? The lower panel is the Coppock curve (momentum) and...