Trader-Dan

Trader-Dan Jul 22, 2024

I've taken a swing long position on Harmony here (50 ema daily) and will look to add on a successful break of R187. If stock turns over this orderblock, it will be a powerful move that will likely catapult it. I remain bullish on gold outlook.

Trader-Dan Jul 4, 2024

Currently in a long trade on this name, will be looking to see if we can breakout from here to target R206. Consolidation here or a pullback to gather further liquidity is also a possibility. R175 needs to hold on any daily closes now.

Trader-Dan Jun 12, 2024

The stock has come out with news today and has put in a powerful reversal. There is a possible cup & handle setup that could catapult it towards R130

Trader-Dan Jun 12, 2024

The stock has had a powerful rally this week, clocking up +16% so far. Next major resistance to break will be the R112 level.

Trader-Dan May 31, 2024

Price action warned of slowing momentum and a change in the state of delivery from BUY to SELL. The stock has pulled back into an area of interest. Failure at R94.50 likely will see it head to swing low. buymeacoffee.com

Trader-Dan Feb 27, 2024

The stock has had a major pullback since hovering near the downtrend 200d moving average and hitting a recent swing high of R110 . Im looking for a relief bounce here towards R100. A daily close below R90 negates the idea. Note: This is a reversion to the mean trade (countertrend). Mean Reversion Concept: Mean reversion suggests that asset prices will...

Trader-Dan Feb 26, 2024

The stock has been on a significant trend up since the consolidation breakout in June 2023. Since then, the 50-exponential moving average has acted as support and the stock reach a swing high of R12.80 There has been a recent sharp displacement below the moving average with a 20ema/50ema crossover, signaling short term bearishness. Price could pull back to the...

Trader-Dan Feb 26, 2024

Following on from the previous post, we have now closed above the R19.20 important level for the USDZAR. The odds are we likely target R19.44-50 then R19.65 next while R19.20 intact. The double bottom has a measured move to R20.20 (trend remains up). Below R18.77 would signal a failed break which would favour the rand on the bigger picture. Previous Post in link

Trader-Dan Feb 22, 2024

The stock has pulled back to an area of interest after reaching a swing high of R164. (200ema) The R151 - R147.50 is also the fib retrace zone for the last major leg up. I will be watching for a confirmation to go long here. Note: Earnings coming up in March

Trader-Dan Feb 19, 2024

The stock has continued to fetch prices since the R195 major support (double bottom) posted in the idea below. We at the top of a channel and major resistance just above at R236. As always, price action will be key to see if the momentum is likely to continue.

Trader-Dan Feb 19, 2024

Following on from the previous post , we did in fact get a strong rejection off the top of the channel (major gap down) . Bulls stepped in at the channel low making a decent recovery back up to resistance. The daily candles warned of resistance again and today it seems the stock will come under pressure with R3180 a possible initial target . link to previous post...

Trader-Dan Feb 8, 2024

The stock has had a nasty mode down today and testing a "key" level at R20. Failure to hold onto this area will likely lead to the stock moving down to target the swing low at R17.55 Above R21.75 the longs gain the short-term upper hand again.

Trader-Dan Feb 8, 2024

The stock has had a powerful move after a well received trade update. The next hurdle to pass is the downsloping 200 day moving average and swing high at R610. Perhaps a consolidation/flag before a break out ? Bulls will want to defend R575 now on any pullbacks.

Trader-Dan Feb 1, 2024

The pair continues to range between R19.20 & R18.20 and has formed a pennant pattern. As some point i expect this to break out with my bias to the upside as key moving averages are all trending up. Only below R18.20-18.10 will the bearish case likely change for the rand.

Trader-Dan Feb 1, 2024

The stock has rallied well in January and is now entering the next area of interest R2980-R2820 It will be key to see how price action develops which will give clues to whether we break up further or have a pull back towards the up trending 20/50 ema's to recharge. Note we still have a cup in handle pattern in play with a measured move that targets the R3150...

Trader-Dan Feb 1, 2024

The stock is finding support around the R97-99 zone with at RSI which has turned up off oversold territory. We could possibly have a leg up initially to the 200dma then the top of range at R110. I'm happy to hold long while R95 holds on any daily close.

Trader-Dan Feb 1, 2024

Seems like some of the retailers had their Xmas rally in January this time round. Mr Price is clearly in the lead with Truworths and Foschini battling it out for 2nd place. Market was not happy with the Woolworths trade update. There seems to be some more runway left to the upside until things could get a bit stretched but the clues will be in the charts.

Trader-Dan Jan 24, 2024

Price recently had a pullback after a sold run up and looks to have taken out some longs and perhaps trapped shorts in the process. Looking for a move now through the swing high @ R31.00 A daily close below major support will change the picture. Previous post below