Peet_Serfontein

Peet_Serfontein

A price action above 33.00 supports a bullish trend direction. Further bullish confirmation for a break above 34.00. The target price is set at 35.00 (ts full retracement level). The stop-loss price is set at 32.00. Testing its 200-day simple moving average and crossing above and remaining above it, will support a bullish trend direction.

Peet_Serfontein

A price action below 184.00 supports a bearish trend direction. Increase short exposure for a break below 183.00. The target price is set at 174.00 (its 38.2% Fibonacci retracement level). The stop-loss price is set at 193.00 (the start of the retracement). It will appear that an M-top pattern is busy developing. Remains a risky trade.

Peet_Serfontein

A price action above 44900 supports a bullish trend direction. Further bullish confirmation for a break above 47900. The target price is set at 50600. The stop-loss price is set at 43400. A break-up out of the symmetrical triangle pattern might trigger further upside potential.

Peet_Serfontein

A price action below 2560 supports a bearish trend direction. Crossing below 2520 will support further bearish strength. The target price is set at 2400. The stop-loss price is set at 2670. Downside price momentum also applicable. Remains a risky trade as the price action is against the general upward trend direction of the incliig channel patter.

Peet_Serfontein

Been struggling with the price action. A price action above 83.50 supports a bullish trend direction. Crossing above its 200-day will act as further bullish support. The target price is set at 88.00 (its 23,6% Fibonacci retracement level). The stop-loss is set at 82.00 (its 50% retracement level). A bullish crossover on the MACD (see the lower panel) highlights a...

Peet_Serfontein

A price action above 12.00 supports a bullish trend direction. Bullish confirmation for a break above 13.00. The target price target is set at 13.50. The stop-loss price is set at 12.00 at its 200-day simple moving average. Notice the price action between its 200-day and 200-week simple moving averages, which might result in a spring tension trade. Remains a risky trade,

Peet_Serfontein

A price action below 511.00 supports a bearish trend direction. Further bearish confirmation for a break below 505.00. The target price is set at 484.00 (at the major support trendline). The stop-loss is set at 531.00. Start of downside price momentum applicable.

Peet_Serfontein

A price action below 1590 supports a bearish trend direction. Increase short exposure for a break below 1560. The target price is set at 1420 (just below its 38.2% Fibonacci retracement level). The stop-loss is set at 1720 (just above its 78.6% retracement level). Failing to break above its 200-day simple moving average (which acted as major resistance), might...

Peet_Serfontein

A price action below 967 supports a bearish trend direction. Increase short exposure for a break below 951. The target price is set at 883, which might complete the pattern as highlighted in red. The stop-loss is set at 1036 (its 200-month simple moving average). Remains a risky trade.

Peet_Serfontein

A price action above 13700 supports a bullish trend direction. Further bullish confirmation for a break above 13700. The target price is set at 15100. The stop-loss price is set at 12700. Remains a risky trade.

Peet_Serfontein

A price action above 404.00 supports a bullish trend direction. Increase long exposure for a break above 412.00. The target price is set at 419.00. The stop-loss price is set at 399.00. Remains above its 200-day simple moving average. A bullish crossover on the MACD (see the lower panel) support a change in trend direction.

Peet_Serfontein

A price action above 58.00 supports a bullish trend direction. Bullish confirmation for a break above 60.00. The target price is set at 62.00 (at the upper range of the inclining channel pattern). The stop-loss price is set at 57.00 (at its 38.2% Fibonacci retracement level). Remains in a well-established inclining channel pattern. Favourable win/loss ratio applicable.

Peet_Serfontein

A price action above above 0.8650 supports a bullish trend direction. Bullish confirmation for a break above 0.8630. The target price is set at 0.8675 (just above its 200-week simple moving average). The stop-loss is set at 0.8560. Building a base on major support, which might support the bullish trend. Furthermore, a break above and slight reversal will support...

Peet_Serfontein

A price action below 2460 supports a bearish trend direction. Further bearish confirmation for a break below 2390. The target price is set at 2200 (major support trendline). The stop-loss is set at 2630. It will appear that lower lows and higher lows are unfolding.

Peet_Serfontein

A price action below 3500 supports a bearish trend direction. Bearish confirmation for a break below 3480. The target price is set at 3200. The stop-loss price is set at 3830. Is will appear if the price action might complete the rounding pattern.

Peet_Serfontein

A price action above 345.00 supports a bullish trend direction. Bullish confirmation for a break above 356.00. The target price is set at 367.00. The stop-loss price is set at 340.00. Closing the gap in a bullish setup is a positive signal because it suggests that the market has absorbed selling pressure and is continuing to advance, confirming the strength of the...

Peet_Serfontein

A price action above 113.00 supports a bullish trend direction. Increase long exposure for a break above 115.00 (just below its 23.6% Fibonacci retracement level). The stop-loss is set at 111.00 (at its 50% retracement level). The price action bounced from some almost oversold territory. Remains above its 200-day simple moving average. Remains a risky trade as...

Peet_Serfontein

A price action above 46.00 supports a bullish trend direction. Further bullish confirmation for a break above 48.00. The target price is set at 50.00 and 54.00 (its 78.6% Fibonacci retracement level). The stop-loss price is set at 43.00 (its 200-week simple moving average). Building on its 200-week simple moving average, which might support the upside price potential.