JSE Limited: After experiencing a decline from R203 in May 2018, the share price has formed a base between approximately R154 and R166. We now see the share attempt to break the downward trend line to potentially signal a change in trend. This is an opportunity to get long.
ACL has performed well since our last suggested idea (..If you're looking at small caps, this one could offer a nice little punt if the momentum stays in place..) suggested from around 310c (23-July), and in the process has broken out of the channel formation in place since September 2016. The price has since retraced to trade near the top of the channel, giving...
Biotechnology stocks have done nothing over the last 3 years however we now see a breakout and this could present an opportunity to add to a long term momentum portfolio. Please stay tuned, as there could be be many opportunities in the broader healthcare sector.
European Automakers have been under pressure due to the Trump Tariff debacle. Fundamentally, these share are cheap (single digit PE and +6% Dividend Yields) in an expensive/all-time high world. Attractive risk/reward both technically and fundamentally.
PepsiCo has broken it's upward incline/trend line support. Over the last six weeks we have seen a short term top being built with the price currently re-testing the breakdown level. Currently at $112.05, traders should be looking at $107 as a target, using a stop-loss of $114.00.
Brent Crude Oil has had a strong run-up from around the $72 level, driven by among other factors: (1) a risk-on equity market, (2) drop in US crude inventories and (3) US sanctions on OPEC producer Iran which pointed to tighter supplies. Technically we are now nearing some short term overhead resistance, providing an opportunity for traders to short sell the...
TKG is making a triple break: the 50dma, 200dma and nearly through the downward trend line.
The share is developing a very interesting formation today - a hanging man (bearish), at the prior swing high/resistance.
Caution on BID at current levels: - Price currently testing overhead trend line resistance - While we are yet to see the closing price, we currently print a bearish engulfing candle - potentially similar to the prior tests of resistance.
Short term under-performance for NG relative to HO?
Netflix has broken to the upside of a falling wedge pattern. Wait for a pullback before entering the long position.