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BHG

#STXRES #JSE - Resources bouncing off Long term levelsResource are very likely the place to be over the medium term. Satrix Resources which is a basket of the biggest resource stocks on the JSE is bouncing off a massive level of previous long term support which has now become support (Change of Polarity). This is a great area to accumulate for the long term in my opinion. Will be happy to review after a few months but for now 3x hold of support shows the bulls mean business. Constituents below: ibb.co
JSE:STXRESLong
by MarcoOlevano
1
BHG showing downside to come but with a LOW probability - SMCInv Cup and Handle (Bearish) formed which the price broke below. Price>200 - Bullish This is conflicting which shows sideways movement. Target R451.27 Low prob trade due to SMC Read below SMC The price is at the moment in an Order Block (Sell Side Liquidity) Look at previous levels of supports (it's all around here at R514.70.) This is where Orders get the long (buyers) out of the market which sells their positions and the Big Guys buy which pushes the price up. With price above 200SMA and with the Order Block - It's for this reason the long trade is a LOW probability one. WHich I'm probably going to leave alone as there can be chop in the next few days.
JSE:BHGShort
by Timonrosso
1