Timonrosso

Timonrosso

Cup and Handle seems to be forming on Absa. There was little supply (selling) which caused a major push up on the bank stock. Banks have lagged many of the leading markets, and so hopefully they play catch up once the JSE TOp 40 picks up yet again. RIght now it's in Medium Probability territory. MPT Price>20 Price<200 Target R181.95

Timonrosso

There are many different ways to trade Old Mutual looking at this chart. 1. Reversal trader They will wait for the support to establish as it's done at R10.00 and then will buy and hold until it reaches the top of the range. 2. Breakout trader WIll wait for the price to go up and complete the W Formation where it will breakout and trade up to R13.70 3. High...

Timonrosso

The Matrix is a movie where no matter what age you watch it, you’ll gain a different perspective from it. And there is a wealth of knowledge and ideas that you can unlock when you dig deep into the movie. A world where the line between reality and illusion blurs, much like the iconic film. The Matrix, with its deep philosophical underpinnings and action-packed...

Timonrosso

Rounding Bottom is forming on Merafe since the gap down, Markets have a strong chance of prices to close gaps. So we just need to wait for the breakout and then the price will most likely to reach R1.55. The analysis is from the last time we mentioned MRF and not much has changed except further confirmation for upside.

Timonrosso

This is an update on the last analysis made for PPC. There was a Larger M Formation that took place earlier where the target was arounf R2.37. But now with the new M Formation, we can raise the target a little bit higher to R2.64. Price<20 and Price <200MA which sets a high probability analysis... Target R2.64

Timonrosso

M Formation seems to be forming on Implats as well Anglo AMerican PLats. Platinum is showing downside to come and so it will bring down the companies with it. We just need to wait for the breakout to the downside for extra conformation. Price<20 Price>200 Target R53.22

Timonrosso

W Formation formed during April 2024. The price broke above the Neckline and headed straight to the target recently atr $2.85 The latest development has been an even larger Cup and Handle formation in the process. This has been since February 2024. The price is breaking above the Brim level and the next target is set to around $3.80. Looks good!

Timonrosso

Awesome W Formation was made on British American Tobacco. Price broke above the neckline and above the 20 and 200MA. Looks great for upside all the way to R623.86 as the first target. Now the JSE ALSI needs to follow suit for the momentum to continue.

Timonrosso

Inv C and H has formed, the price not only opened below the brim but opened with a Run away bearish gap. The price is below both 20 and 200SMA> ANd looks like the next target is set to 51 cents. Not great but the charts don't lie.

Timonrosso

I know why you’re NOT trading. You think trading is nothing more than gambling. I get emails every day from members saying things like. “Timon trading seems like going to the casino”. “Timon I don’t want to put money into something that’s gambling” “Timon thanks but I don’t gamble” So you’re not trading because you think it’s like gambling. Well, before you...

Timonrosso

What if? This simple two word question is a psychological trap that traders often encounter. And it does nothing more than undermine their decision-making process and overall trading performance. This question will open a box of doubts, hypotheticals, and second-guessing. This can paralyze action, distort risk assessment, and divert focus from the present to...

Timonrosso

Life Health Care was presenting a simple Head and Shoulders with a usual drop for a short. The price started off well then went to the entry. Wake up and not only did it go past R15.96 target... The market opened aty R10.80 exceeding our expectations and profits. It's these trades that we absolutely love and can't help but get excited when things go...

Timonrosso

After a long wait once the price broke above the W Formation. Then moved sideways and crossed above with the Cup and Handle. The first target of Hulamin hit at R3.91. The momentum is still strong and on the up. And we can easily see further upside to come. So, the next target with similar momentum will be to R4.40.

Timonrosso

If you place the regression channel you'll see Silver has been on an uptrend for the last few months. We have had a Reverse Cup and Handle and the price has been above both 20 and 200MA... So with the Zig Zags, the price will continue to move up until it reaches the first target at around $37.25. Silver is the second type of safe haven that is common for...

Timonrosso

It's been a shortish hold for this analysis. The price broke above the CUp and Handle. The price was above the 20 and 200MA stating a High Probability Trade. And just yesterday the bulls pushed it up to the first target at 1,549. I think we will get a bit of consolidation around these levels, but another upside swing is very likely. I'll let you know

Timonrosso

With the PLatinum price running up very nicely and setting it's for a rally - JSE PLatinum stocks are looking almost perfect to buy. We have a Cup and Handle with a breakout above and confirmed. We'll need to wait for Monday's Open price to confirm above the Breakout. NATURE: HPT (High Probability Trade) Price>20 Price>200 Target R170.35 Great trade...

Timonrosso

Our gold anaslysis played out very nicely after the triangle formation, breakout and then run up to the first target at $2,236. Now we have a new formation in the making - W FOrmation. I do believe we will get some sideways movement to create equilibrium and prepare for the next run up. So as long as the price is above the 20 and 200MA - it's good to go! My...

Timonrosso

W Formation has confirmed and formed after the announcement they are leaving Nigeria. This pumped up the price over 17% in a day. However, high volatility is always a risky biscuit and big candles normally results in the counter candle. So I'd wait for the price to break ABOVE the W Formation and for the price to break above the 200MA. Then the nature will...