Jse_top40
NEDBANKNEDBANK H4 (240 Minutes) Timeframe
Reasons For Entry:
- 61.8 Fib Retracement
- Wave "B" Correction Entry
Everything Good Yearns Patience And Time
Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors.
This Page has many charts to show setups and patterns for illustrative purpose and no set up given should be taken as a recommendation. This is purely what I see in the market, trading the setups is at your own discretion and risk.
TIGER BRANDSTIGER BRANDS WEEKLY Timeframe
Reasons For Entry:
- RSI Divergence
- Wave 5 Entry
Everything Good Yearns Patience And Time
Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors.
This Page has many charts to show setups and patterns for illustrative purpose and no set up given should be taken as a recommendation. This is purely what I see in the market, trading the setups is at your own discretion and risk.
REMGRO (REM) 4-HOUR TIMEFRAME SHORTPrice is currently moving in a steady downtrend, whilst also making higher lows, characteristic of a symmetrical triangle pattern. Prices broke out of a bear flag pattern and we can expect further continuation to the downside. Traders can possibly scale in after a corrective move. The target will be the trendline posing as a support.
$JSE-TBS weekly chartJSE:TBS
Down trend continuation here. Looks like 240 must hold, if it goes 22000 is next target.
BRITISH AMERICAN TOBACCO (BTI) 4-HOUR TIMEFRAME SHORT The share price for British American Tobacco (BTI) has been moving in a descending channel on the daily timframe, as evidenced by lower highs and lower lows. The price has just broke out of a corrective ascending channel (counter trend) on the 4-hour timeframe and came back to retest the previous-support-turned-resistance at the price level of 57730. I expect prices to trickle down further, if they do not create higher highs and higher lows, and the possible targets are:
Target 1: 50 720
Target 2: 43 856
$JSE-CFRJSE:CFR
Made falling wedge during the last pull back.
If it breaks higher target should be around 111.00
$JSE-MEIJSE:MEI
Market reacts good at results published.
Yesteraday broke lower but today back above and as old saying goes from false moves come fast moves.
Big channel has been tested.
Don't get surprised if we get another short squeeze here.
SASOL 1-HOUR TIMEFRAME NEUTRALThe stock price for SASOL is moving in an ascending channel, and my natural bias would be for a short position. However, it is always best to wait for price to show its hand before making any bets or predictions. It is still possible for prices to continue up as the general trend has been bullish.
$JSE-BTIJSE:BTI
Testing previous low as well as moving averages.
Currently making small hammer.
If it stays like this potential long with stop loss bellow today's low of the day and first target at 61000.
There is gap lower that potential can be closed so be careful about that.
$JSE-CFRJSE:CFR
Testing support and making head and shoulders in the process.
Break bellow will be bearish.
$JSE-TBSJSE:TBS
From almost breaking up from that sideways consolidation TBS came to test bottom of consolidation.
Wait for break, there should be about 10-11% in that move
