TraderT1307

TraderT1307 Updated 

Waiting for SHP to possibly trade down into the 14000 - 14300 area to go long. Long trigger will be a clear hourly reversal in this area. Looking for a move into the 15300 - 15850 area.

TraderT1307 Updated 

Currently trading at the bottom end of the rising channel. 50DMA seems to be providing support. Looking to take a long here. Profit taking area 200-205 area.

TraderT1307

Tiger Brands trading at the bottom of the 8 month trading range. Entry at current level or a bit lower. Stop Loss will be daily close below 19300. Profit taking area 20800 - 21800.

TraderT1307

MTH - Formed a falling wedge. Break above 92.50 will validate the falling wedge and target 100.00.

TraderT1307

Bidvest seems to be testing the breakout zone in the 170-172 area and might be forming a cup and handle formation. I am nibbling long here and should the price be able to push above 176 my first upside target will be 182. If 182 can be overcome the full target would be 195. Will use a tight stop of daily close below 167.

TraderT1307 Updated 

As pointed out on Monday BTI was showing weakness in a strong market environment. Even with the weakening Rand yesterday the price stalled in the 560 region. The short target for this trade was a quick move down to 540 which was reached with ease today and as pointed out if the price was able to break below 540 the next target would be 520. If the price manages to...

TraderT1307

Break and close below 130 will target 120 and 110.

TraderT1307

My short targets are 86 and 8250

TraderT1307

As pointed out on Monday BTI was showing weakness in a strong market environment. Even with the weakening Rand yesterday the price stalled in the 560 region. The short target for this trade was a quick move down to 540 which was reached with ease today and as pointed out if the price was able to break below 540 the next target would be 520. If the price manages to...

TraderT1307

Spar being punished on the back of results. Trading down into the 190 - 193 area which looks interesting to enter a long position. Would suggest to drill down into an hourly chart to fine tune entry and look for an reversal in the 190 to 193 area. My upside target will be around 204. Stop loss will be a daily close below 185..

TraderT1307

Seems like BID is trying to break out above 287 horizontal resistance. If this happens and manages to close above this level things look good for upside targets of 300 and 314. Stop will be a daily close below 275.

TraderT1307

BTI was unable to close above the DMA 50 in the last 11 trading sessions. Now approaching the DMA 50 at 560. This is a very high risk trade. My stop will be a daily close above 563. Looking for a quick move down to 540. If 540 can be broken then my downside targets will be 520 and 500.

TraderT1307

Aspen broke the mentioned 144 level on Thursday to trigger the long trade. On Friday 12 February it managed to close above 144 which validates the bull flag pattern. Targets remain 150 and 154. A close above 150 could see further gains to 165. My strategy will be to bank 25% of the position at 150, 50% at 154 and try and run 25% of the position with a trailing...

TraderT1307

Aspen broke the mentioned 144 level on Thursday to trigger the long trade. On Friday 12 February it managed to close above 144 which validates the bull flag pattern. Targets remain 150 and 154. A close above 150 could see further gains to 165. My strategy will be to bank 25% of the position at 150, 50% at 154 and try and run 25% of the position with a trailing...

TraderT1307

Aspen looking good but needs to break and close above 144 to target 150 and 154.

TraderT1307

Growthpoint Properties managed to close above 1375 resistance. Long Targets are 1480 and 1600.

TraderT1307

Long target of 145 reached. The daily close above 145 resistance now projects a target into the 160 region

TraderT1307

First long target of 187.50 reached.