RossLarter

RossLarter Updated 

JSE:SSW is showing signs of downward momentum. The stochastic and MACD has crossed down and the 2 EMA's have crossed. It is also busy breaking through a strong support level at around 5800. If it breaks through convincingly with today's price action, I will consider a short position. Beware of a possible gap close of the gap formed 2 days ago. It may go up and...

RossLarter Updated 

After a nice upward move all the way from late November, JSE:EXX is now showing some strong downward momentum and we could possibly look at a short position. The three main momentum indicators we use, the MACD, Stochastic and EMA's are all confirming this momentum.

RossLarter Updated 

A bearish engulfing candle has formed on JSE:AMS and we are seeing some nice downward momentum. We could possibly see a small downward move to around the 140000 level of support.

RossLarter

After a nice move towards the bottom of the channel, JSE:CLS has bounced off of the bottom again and looks like it may be heading to another test of the top of the channel. It has been bouncing around in this channel since July 2020.

RossLarter

JSE:OMU broke the significant resistance level of 1350 yesterday, which it has ben struggling with since about April 2020. It is showing some nice bullish momentum and I think we can possibly be looking at a move up to around the 1650 level and possibly beyond in the longer term.

RossLarter Updated 

Although JSE:CLS is trending in an upward direction, it is also trading in a parallel channel. It bounced off of the top of the channel and seems to be retracing. For the moment, I think it is possible that it will retrace down to the bottom of the channel before turning up again. The bottom of the channel also coincides with a strong support and the...

RossLarter

JSE:PRX has been trading in somewhat of a channel since April 2020. Two day's a go it broke out of the channel and looked like it would continue up, but instead formed a shooting star pattern. Yesterday and today are showing strong downward momentum. We could see a move towards the bottom of the channel or to the support level at around 150000.

RossLarter

From a purely technical analysis viewpoint, JSE:APN seems to be struggling to break higher at the resistance level around 15000. If it fails to break higher and goes down to below 14000, I will consider entering a short. A break above 15000 might mean a continuation of the up trend. We might need a bit of patience on this one.

RossLarter

JSE:KIO has broken an upward trend and it looks like a reversal could be happening. Stochastic and MACD are confirming with their downwards cross. We could see a move downwards to either the 56000 or 48000 support levels.

RossLarter

Following a stochastic, MACD and EMA momentum strategy, AGL is showing two of the three confirmations for a short, if it trades lower today and the EMA's cross, I will take this as confirmation to enter a short position.

RossLarter

JSE:BTI is struggling to break through a strong resistance level and has formed a triple top pattern. We could possible see a downward move from here.

RossLarter

A dark cloud cover pattern has formed on JSE:QLT . This is a bearish reversal pattern and if it trades lower than the open of today, it could be looking good for a short position down to the 200MA or further down to around the 2750 level.

RossLarter

JSE:DSY has revently bounced off of a strong resistance level that dates back all the way to 2015. If it continues down and breaks below the low formed on the 7th of Jan 2021, I will consider a short position based off of the downward momentum. The stochastic, MACD and the 2 EMA's are all showing signs of a downward move.

RossLarter

JSE:HAR is in a downward channel and in the last few days has bounced off of the top of the channel again forming a lower high. If it fails to break through the top of the channel, we could see a continuation downwards towards the bottom of the channel to around the 5000 support level.

RossLarter

JSE:APN has been consolidating in a sideways move for 2 months and with this morning's upward move, it has broken out of the "buy-box" very convincingly and we could see a nice upward move up to the previous high resistance from mid June 2020. It could also be seen as a horizontal bull flag pattern emerging.

RossLarter Updated 

JSE:GLN has been trading in a somewhat sideways consolidation area since 3 December and with yesterday's large upward candle it has broken through the top as well as the 5000 level - this level is a strong level on the daily as well as the monthly chart and acts as a strong psychological level due to the round number. I think we could see a nice upward move from...

RossLarter

JSE:GFI has bounced off of a support level and looks like a upward move is a possibility. The stochastic and MACD are confirming this momentum. If the price moves up above the 15000 level I will consider a long position. Beware that it might find some resistance on the 200SMA, so if it breaks through that, it further confirms the move.

RossLarter

JSE:SBK has broken through an upward trendline that it has been obeying since end of October. Today's price action is showing some strong downward momentum. The stochastic and the MACD have also crossed downwards, confirming the signal for a short position.