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ALSI

Aspen short looks like a Risky Biscuit - Here's whyThis one is tricky and I'd consider a medium to low probability trade. Aspen has just had a few days worth of bearish candles. Strong selling has clearly taken place. During the time, it's formed an M Formation. The price has broken below the neckline however there are danger signs that it might not work out. 1. 7>21 - Bullish. 2. Price >200 and needs to combat and break down 3. Smart Money Concepts - There is a fair value gap with an inefficiency of buying and selling. So the price is likely to go up at least 50% of the gap before choosing. 4. The JSE is in a jovial and positive mood right now... So you can see there are conflicting signals and if I had to get in, I would only risk 0.5% in this trade. RSI<50 Target R134.84 RISKY BISCUIT!
JSE:APNShort
by Timonrosso
Which way will MTN break out of the Diamond?Diamond Formation has formed since September 2022. This is a weekly chart because MTN is by far the most difficult market to analyse. It is famous for moving sideways for extended periods of time. Then it eventually breaks out and moves in a trend for a short but powerful period. This is only a market for trend traders who wait for the big move. Or for range bounded traders who buy and sell within the range. My ego is not high enough to choose a direction, so when it breaks out - we can choose to go long or short. 7=21 Price>200 Target up R203.90 Target down R60.65
JSE:MTN
by Timonrosso
Exxaro showing a stronger buy signal to R226.76Initially, I wrote that we could expect a break to the downside where there'll be a better entry for a short. But the entry price never struck and the price turned up intot he channel. Price is now breaking above the down channel, indicating a chosen direction - Up. Other signs show some upside 7>21 RSI>50 - Bullish Target R226.76 WARNING I'm not too convinced yet and will need a stronger breakout and maybe even for the price to move up, test the support then bounce giving a conservative entry. Then we are talking.
JSE:EXXLong
by Timonrosso
Grindrod above neckline of W Formation taking it higherW Formation formed on Grindrod since March 2023. And the price has finally broken above the neckline. This gives a decent signal that there is upside to come from the buyers. Other indicators confirm too: 7>21 Price>200 RSI>50 Target 1 will be with a Risk to Reward of 1:2 at R12.60 ABOUT THE COMPANY Diversified Group: Grindrod Limited is a South African company with a diversified business portfolio spanning various industries, including shipping, logistics, financial services, and trading. Establishment: The company was founded in 1910 and has its headquarters in Durban, South Africa. Bulk Commodities: The company specializes in transporting bulk commodities such as coal, iron ore, agricultural products, and more. Container Shipping: Grindrod operates container shipping services, facilitating the movement of goods in containers between Logistics Solutions: Grindrod provides integrated logistics solutions, including warehousing, distribution, and supply chain management services. Financial Services: Grindrod Bank, a subsidiary of Grindrod Limited, offers a range of banking and financial services, including personal banking, business banking, and asset management. Rail Services: The company has a presence in the rail sector, providing rail services for the transportation of goods and commodities. HOW IT GOT ITS NAME Grindrod Limited, the South African company, was named after its founder, Charles Grindrod. Charles Grindrod was an influential figure in the company's early history. He established the company in 1910 as C. H. Grindrod & Company in Durban, South Africa. The company initially focused on shipping and maritime operations.
JSE:GNDLong
by Timonrosso
UPDATE SOUTH32 Target reached at R37.31 - Watch outSince the Inverse C&H, the price broke below the brim level and since then has been on a downward trajectory. The downtrend, was the other confirming indicator that this was about to drop. I definitely didn't expect the drop to be short and explosive, but for a trader it's always better to be in and out. Now, there will most likely be some chop in the middle, which will scare both buyers and sellers. Best to do is wait for the next formation before jumping. I'll let you know.
JSE:S32Short
by Timonrosso
Nampak about to pack an upper cut punch up to R494.59W Formation has formed on Nampak. The price has broken up and is showing it's reached a bottom and buyers will start piling in here. Otehr indicators confirm. 7>21 - Bullish Price>200 - Bullish and it's the first time in MONTHS since we've seen the bull crossover. RSI>70 Target 1 will be to R494.59 ABOUT THE COMPANY Packaging Solutions: Nampak is a leading provider of packaging solutions in Africa, offering a wide range of packaging products across various industries. Founded in 1968: Nampak was founded in 1968 in Johannesburg, South Africa. Pan-African Presence: The company operates in several African countries, including South Africa, Nigeria, Angola, Zimbabwe, and more, making it one of the largest packaging companies on the continent. Diverse Product Range: Nampak's product portfolio includes metal packaging, glass packaging, paper and board packaging, and plastic packaging. Metal Packaging: Nampak produces metal packaging products such as cans, beverage cans, aerosol cans, and metal closures for various consumer goods. Glass Packaging: The company manufactures glass containers for beverages, food, and other products. Paper and Board Packaging: Nampak provides paper-based packaging solutions, including cartons, folding cartons, and corrugated packaging for various industries. Plastic Packaging: The company produces plastic packaging for a wide range of applications, including bottles, containers, and other plastic products. Sustainability Initiatives: Nampak has implemented various sustainability initiatives to reduce its environmental impact, such as recycling programs and sustainable packaging solutions. International Operations: In addition to its African operations, Nampak also has international operations in the United Kingdom, Ireland, and Europe.
JSE:NPKLong
by Timonrosso
2
Transaction Capital ready to shoot up to R18.56 thanks to a box?Box Formation has formed on TCP. We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position. However, we are seeing potential signs of a bottom as there could be more buying to push the price up. Other indicators show including: 200> 7=21 RSI>50 higher lows Target one will be to the top of the downtrend resistance at R18.56 ABOUT THE COMPANY Core Focus: Transaction Capital is a financial services company that focuses on two main business segments: Credit Services and Taxi Services. Founding Year: The company was founded in 2007. Credit Services: The Credit Services segment provides specialist lending and related services to businesses and consumers, with a focus on the lower-income market. Taxi Services: The Taxi Services segment focuses on the minibus taxi industry in South Africa, providing various services and products to taxi operators. Ride-Hailing Investment: Transaction Capital's Taxi Services segment includes a significant investment in SA Taxi, which provides financing and support services to the minibus taxi industry. SA Taxi also ventured into ride-hailing services, creating competition for established ride-hailing companies. Risk Management: The company places a strong emphasis on risk management and data analytics to inform its lending decisions and manage credit risk effectively. Technology Integration: The company has integrated technology and data analytics into its operations to improve efficiency, decision-making, and customer experience. Social Impact: Transaction Capital's investments in the taxi industry and related services have a broader social impact by supporting local transportation and livelihoods.
JSE:NTULong
by Timonrosso
1
JSE ALSI 40 showing leading signs of downside to 60839M Formation has formed on the JSE ALSI 40. While the SP500, Dow Jones and Nasdaq have been going up this year, it strangely looks like the JSE ALSI 40 has broken it's correlation. Not only has America NOT been leading the JSE, it seems like the problems (economically and politically and socially) are showing signs for the country. Now, either we get another fakeout and the market moves back up and goes "Tricked you again" as it's done this entire year. Or this is the break down and start of major downside to come for the rest of the month. Other indicators are showing downside momentum. 21>7 Price<200 RSI<50 Target will be 60,839. What do you think? Will we get a bounce up or a crash from here?
JSE:J200Short
by Timonrosso
1
USD/ZAR upside to R21.72 after a resistance breakout Rev C&H has formed on the USD/ZAR. If we get a slight retracement back it could be forming a Right shoulder to an Inv H&S. Regardless, this looks bearish for the ZAR and bullish for the USD. Other indicators are showing upside to come for the greenback. 7>21>200 RSI>50 Target 1 will be R21.72. Ouch for the rand. The government and load shedding is really messing with the economy of this beautiful country of opportunities and diversification.
Long
by Timonrosso
3
JSE ALSI Broken below 200MA first time since Nov 2022Symmetrical Triangle formed on ALSI and the darn price has just been moving within it for months on end. Any JSE short term trader is most likely struggling with the whipsaws. If one is not diversified in Forex or Indices - I don't know how they are making an income this year. Regardless, the price has broken below the triangle and below the 200MA for the first time since Nov 2022. We are seeing bearish signs continue including: 21>7 Price<200 RSI<50 Target 1 will be 60,000. WARNINGS: KNowing the ALSI it could most likely cause another fake-out (haha fooled you) trick again. And the price will go right back into the triangle. The world is showing more bearish signals but as you know things can change SO quickly with the market. Medium term I'm short until further notice.
TVC:SA40Short
by Timonrosso
Remgro upside still on the box of cards - R191.31Box formation formed on Remgro. Now this is an update to show the upside that's on the way, and what is to come. As a short term trader one can set the target at R169.00. As a medium term trader one can set the target to R191.00. All depends on the R:R placement method and term to hold. Either way, this thing is heading up. MAs - 7>21>200 RSI>50 Target R191.31 ABOUT THE COMPANY Remgro Limited is an investment holding company based in South Africa. Remgro is a prominent investment holding company based in Stellenbosch, South Africa. Establishment: Remgro was incorporated in 1948 in South Africa as a tobacco manufacturer. originally part of the wider Rembrandt Group founded by Dr. Anton Rupert. Name Origin: The name "Remgro" is derived from "Rembrandt Group", the original tobacco company from which Remgro split in the 1980s. Investment Focus: The company focuses on a broad spectrum of industries, including banking, healthcare, insurance, industrial, infrastructure, media, sport and recreation, technology, and consumer sectors. Headquarters: Remgro's headquarters are located in Stellenbosch, South Africa. Major Investments: Remgro holds major stakes in numerous well-known South African companies such as RMB Holdings, FirstRand, MediClinic, and Distell. Mediclinic Corporation: In the healthcare sector, Remgro holds a significant stake in Mediclinic Corporation, an international private hospital group. Sports Investment: Remgro owns a controlling interest in the Stellenbosch Rugby Academy. HOW IT GOT ITS NAME Remgro, short for Rembrandt Group Limited, gets its name from the larger conglomerate it was part of, the Rembrandt Group, which was founded by Dr. Anton Rupert in the 1940s. The name "Rembrandt" was likely chosen as a nod to the famous Dutch painter, Rembrandt Harmenszoon van Rijn, reflecting the Dutch heritage of the Rupert family. When the Rembrandt Group restructured in the 1980s and 2000s, the investment arm became known as Remgro.
JSE:REMLong
by Timonrosso
UPDATE You pay less for Clicks for NOW target still R340You pay less at Clicks but the price is going up so now is the best time to buy. We have an Inverse Head and Shoulders pattern form, as I mentioned earlier. the price broke up and is showing strong upside to come. We have other indicators confirming including: 7>21>200 RSI>50 Target R340.76 ABOUT THE COMPANY Clicks is a well-known South African retail pharmacy, health, and beauty chain. Clicks was founded in 1968 in Cape Town, South Africa, as a health and beauty retail store. Product Range: Clicks offers a wide range of products, including pharmaceuticals, over-the-counter medications, beauty products, skincare, haircare, personal care items, and more. Store Network: Clicks has a vast network of stores across South Africa, with locations in cities, suburbs, and shopping malls. Pharmacy Services: Many Clicks stores have an in-house pharmacy, providing prescription medications, advice from qualified pharmacists, and other pharmaceutical services. Private Label Products: Clicks has its own private-label brands for various products, offering customers affordable alternatives to well-known brands. Wellness Clinics: Some Clicks stores have wellness clinics that offer various healthcare services, including vaccinations, screenings, and family planning consultations. Beauty Services: Some larger Clicks stores offer beauty services such as nail bars and eyebrow threading, enhancing the shopping experience. Online Shopping: Clicks offers an online platform where customers can shop for a wide range of products and have them delivered to their homes. Rewards Program: The Clicks ClubCard loyalty program offers customers discounts, cashback rewards, and personalized offers based on their shopping habits. Parent Company: Clicks is part of the Clicks Group, which also owns other retail brands like Musica, The Body Shop, and UPD (United Pharmaceutical Distributors). HOW IT GOT ITS NAME The "Clicks" name was apparently derived from the sound that the founder, Jack Goldin, heard from a clicking stethoscope, embodying the health focus he wanted for the company. However, due to the existing legislation, the health focus was not immediately realized until later years.
JSE:CLSLong
by Timonrosso
Hyprop showing strong upside with property in SA -R36.35C&H has formed on the daily with the price breaking above the brim level. Property market in SA is shining and we are seeing this with a couple of stocks. Other indicators confirm upside including: 7>21 Price>200 RSI>50 Target R36.35 ABOUT THE COMPANY Hyprop Investments Limited is a South African-based real estate investment trust (REIT) that focuses on owning, managing, and developing shopping centers and other commercial properties.: REIT Structure: Hyprop operates as a real estate investment trust (REIT), which means it is required to distribute a significant portion of its earnings to shareholders in the form of dividends. Property Portfolio: The company primarily invests in high-quality shopping centers and commercial properties, both in South Africa and other countries. Retail Focus: Hyprop's primary focus is on retail properties, and it aims to create appealing shopping destinations that cater to a wide range of consumers. Diverse Portfolio: The company's property portfolio includes a mix of shopping centers, office spaces, and other commercial properties. Shopping Centers: Hyprop's shopping centers are strategically located in major cities and towns, serving as hubs for retail, entertainment, and social activities. Notable Properties: Some of Hyprop's notable properties include Hyde Park Corner, Canal Walk, and Clearwater Mall, among others. Expansion: The company has sought to expand its property portfolio both within South Africa and internationally, with a focus on growing its presence in key markets. HOW IT GOT ITS NAME Hyprop Investments Limited derived its name from a combination of the words "Hyde Park Property." The company's name reflects its origins and early focus on property investment in the upscale Hyde Park area of Johannesburg, South Africa. "Hyde Park" is a well-known and affluent suburb in Johannesburg, and it was likely chosen as a symbol of the company's commitment to high-quality real estate investments.
JSE:HYPLong
by Timonrosso
Gold fields not that glistening right nowInv Cup and Handle pattern has formed on the daily. We've had the price break below the Brim level but only barely. As a conservative trader, we'll need a stronger break down before there are any fireworks. So I'll be watching this one carefully. Other indicators show upside to come. 21>7 (Bearish) Price >200 (Price heading towards it). RSI<50 (Sell divergence) Target R156.86 ABOUT THE COMPANY Gold Fields mining company, a South African gold mining firm. Company Background: Gold Fields Limited is a globally diversified gold mining company headquartered in Johannesburg, South Africa. It is one of the largest gold mining companies in the world. Founded: Gold Fields was founded in 1887 by Cecil Rhodes and Charles Rudd in what is now the city of Johannesburg. Operations: The company has operations in multiple countries, including South Africa, Australia, Ghana, Peru, and the United States. South African Operations: Gold Fields' South African operations include the South Deep mine, located in the Witwatersrand Basin. South Deep is one of the largest gold mines in the world and one of the deepest mines. International Operations: Gold Fields' international operations cover a diverse range of mines, including open-pit and underground mines in various regions around the world.
JSE:GFIShort
by Timonrosso
Curro Holdings is showing upside to R11.86 with a C&HCup and Handle has formed on Curro. We need the price to break up above the Brim level to confirm a better level. 7>21>200 RSI>50 Buy divergence Target R11.86 About the company Curro Holdings is a South African company that operates private schools and offers education services. HOW IT GOT ITS NAME Curro Holdings' name is derived from the Latin word "curro," which means "I run" or "I move." The name reflects the company's aim to provide an educational environment that nurtures growth, development, and progress for students. Founding and Establishment: Curro Holdings was founded in 1998 by Dr. Chris van der Merwe. The company's primary objective was to provide quality private education in South Africa. Education Group: Curro Holdings is one of the largest independent school companies in Africa. It operates a network of private schools, providing education from nursery to high school levels. Schools: The company operates a wide range of schools, including Curro Schools (mainstream schools), Curro Castle (early learning centers), Meridian Schools (affordable private schools), Curro Academy Schools (more specialized academies), and more. Education Approach: Curro often emphasizes a learner-centric approach to education, focusing on individualized learning and smaller class sizes compared to many public schools. Expansion: Curro has experienced significant growth since its inception. It has expanded its school network across South Africa and even ventured into other African countries like Namibia, Botswana, and Zambia.
JSE:COHLong
by Timonrosso