Harmony has broken out of a downward trend, is this a false breakout ? Moving average has crossed on the daily chart and Stochastic has crossed on the weekly chart. Small stop loss.
Life Health Care has broken out of a rising wedge today, also a possible cup and handle. Moving averages have crossed over on the daily and monthly charts. Stochastic has crossed on the weekly chart.
Buying signal triggered close to trendline on weekly chart. Stochastic on monthly chart oversold and crossing over. Stochastic on daily chart in oversold territory. Signal triggered due to cross of short term ema's.
Merafe has broken out of the short term resistance of R1.25, retraced and is forming a candle with aa long bullish tail. First target is for the gap to be closed. All my indictors are also giving buy signals
Foschini has broken previous high and is making higher lows. Stop on this one will be large. Stochastic, MACD and Momentum have all crossed over, triggering the buy. Target about 10% profit.
Afrimat has broken the down trend on the line chart and also a nice bull flag in the candle chart. Stochastics are oversold and pointing upwards. Momentum is picking up and reaching bullish territory. Will watch this one closely in case of reversal.
Thungela has broken out of a downward trendline which started forming in September 2022. Prior to breakout it has formed a solid basis which suggests the bottom to me. Stochastic has still some way to go to overbought levels, and momentum is in bullish territory. I Will put a tight stop on it, as it could go south quickly.
MTN has broken out of a cup and handle formation. Although stochastic is overbought i think it still has some ways to go. MACD has crossed over and momentum is bullish.
Although TCP has been unloved as of late, justifiably so. All three my indicators have triggered, buy signals. It has also broken out of a downward channel on the 4hr chart. First target of about 8% and second target 13%. Stop at previous days low.
Afrimat broke out of a descending channel as well as a symmetrical triangle. The stochastic is overbought and has crossed over together with the momentum indicator going into bullish territory. Waiting for a positive candle to enter position.
Possible trend reversal from upward trendline dating to September 2022. Break out of falling wedge will trigger buy with a tight stop . Stochastic oversold and pointing up. Could be a short term relief rally which will trigger possibly a smaller target. strong reversal candle today.
Both the stochastic and the Macd has crossed over to the top. The ma 20 has crossed over the ma 50. First target will be the ma 200. Not a great risk to reward, but possibly something to be made.
Waiting for breakout of rising channel. Also a rising wedge in play. Although in overbought territory if break out happens i think it could stay there for a while. Time will tell.