KoosKanmar

KoosKanmar

-16% and counting since 21 August. Frustrating sitting with any resource ETF's or shares right now. You need a lot of patience and a long term view, or this will be a money losing exercise almost all of the time. Always been a volatile sector of price takers. Feast or famine, and currently it looks more like famine than feasting.

KoosKanmar

It looks like a little but important bull flag building If it breaks will not only challenge the 200 days moving average, but also the upper support line of the larger channel @ 69k.

KoosKanmar

Nasdaq100 e-mini has reached a retracement level of 61,8% from it's all time high. Between 50%-61,8% we call the ambush zone, because this is a popular zone for buyers to become fatigued and sellers to move in. This is an area of interest and I will watch this zone very carefully for buyer weakness in coming days for a possible short position. PS. This short...

KoosKanmar

Bottom of channel target of ZAR 17,40 on the cards.

KoosKanmar Updated 

Bullish flag in the making. If upper resistance @ 255 can be broken, then 345 will become a target. Watch the $68k level break from Bitcoin. NASDAQ:COIN shows come correlation with the CRYPTOCAP:BTC price.

KoosKanmar Updated 

Had Sasol bottomed out ? Double bottom followed by higher highs and lower lows. Maybe worth a punt.

KoosKanmar Updated 

Nice rounded bottom breakout and retest @ $29,30 level. If this level holds the target would be $33,50. 15% Upside on a good dividend payer.

KoosKanmar

Yesterday BTC traded briefly in the $50k range. This presented a buying opportunity for the brave when buying strength returned to push it above $52500. Enough volatility to make your head spin, but this is the nature of the BTC beat. Resistance at SWB:69K coming up.

KoosKanmar

Bitcoin has been consolidating in this range for 5 months. $70k remains the level to be broken. The upper resistance level has been tested multiple times. Let's hope for a break this time around.

KoosKanmar Updated 

The medium term downtrend was broken and we are headed back to test that breakout at $228. With the volatility in this share it wouldn't surprise me if we close the gap at $213 as part of the trendline test. If the trendline holds it could offer another buying opportunity. Earnings expected on 23 July and this remains a speculative buy.

KoosKanmar Updated 

Fake break OR support depending on your view on the 200 day moving average. Top of channel target - $70 000 I have a NASDAQ:IBIT position (iShares Bitcoin Trust)

KoosKanmar Updated 

This break on the weekly chart could indicate a target of 85 000 or 14% upside potential.

KoosKanmar

Is this consolidating lower or are we seeing a bullish flag . If this is indeed a bullish flag, a break would open the 4600 target. One to watch.

KoosKanmar Updated 

Neckline break on a head and shoulders at $190 Target for this break $246

KoosKanmar

USDZAR has been trading in a defined sideways channel 19,40-17,40 for close to 18 months. Early days, but another down channel looks like it might be forming. If this is the case, 17,40 could be challenged in coming weeks and a break of the bottom of the the sideways channel at 17,40 could be on the cards.

KoosKanmar

Bull flag on this ETF broke with a 1121 target. Target is 6,65% away. Expecting consolidation after target has been reached.

KoosKanmar Updated 

Bitcoin currently trading on the bottom of a defined channel and on the 200 day moving average support. Support should hold, but if it doesn't it could be a sign of more weakness to come.

KoosKanmar Updated 

Nice inverted head and shoulders break by Tesla. Need to stay above the neckline - 182. Target 227. 30% upside potential. Volatility expected.