Timonrosso

Timonrosso

With trading, time is money. And every wasted moment is a missed opportunity. Every day you skip. Every high probability trade you miss on whatever market you’re trading. Even every loss you take according to your strategy, is one step closer you’re missing to success. I wrote about time wasting in the previous article. And I can’t stress enough how important...

Timonrosso

Ascending Triangle has formed on Brent Crude. We saw the price continue to knock up the resistance until it broke above. Price>20 and Price>200 So the target is likely to hit $96.00 When the US Dollar depreciates, it often leads to a rally in Brent Crude prices for several interconnected reasons. 1. Commodity Pricing Global Benchmark: Brent Crude is a...

Timonrosso

M Formation has recently formed on PPC. We are seeing negative signs more than positive. On Tuesday, the price crossed below the 200MA which confirmed downside to come. Now we can expect a test and a consolidation period before further downside, but well need the price to cross and close below the 200MA first. Target R2.37

Timonrosso

We saw Capitec form a W Formation. The price broke above the neckline and then made a fakeout. Now it will be testing the uptrend support line before further upside to come. I am bullish cautiously, but we still need the demand levels to pick up. The target will then be R2,485.00

Timonrosso

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!”...

Timonrosso

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...

Timonrosso

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,...

Timonrosso

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...

Timonrosso

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...

Timonrosso

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...

Timonrosso

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....

Timonrosso

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...

Timonrosso

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...

Timonrosso

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...

Timonrosso

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...

Timonrosso

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.

Timonrosso

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...

Timonrosso

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...