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Investec

Investec looking strong for upside to R126.66W Formation formed (small but evident). The price has broken above the neckline, showing strong buying and demand. The indicators look good for upside on the peripheral. 7>21 - bullish Price>200MA RSI>50 1st Target R126.66 ABOUT: Investec Limited was founded in 1974 and is headquartered in Johannesburg, South Africa. Investec is a diversified financial services company, offering a range of products and services including asset management, wealth management, and specialist banking. The company operates in three main geographies: South Africa, the United Kingdom, and Australia. Investec has a strong reputation for innovation and has been recognized for its entrepreneurial approach to financial services. In 2020, Investec had a revenue of ZAR 23.3 billion (approximately USD 1.7 billion) and employed over 10,000 people worldwide.
JSE:INLLong
by Timonrosso
TRADE UPDATE: Investec Plc not looking good but the 200MA ...Cup and Handle formed on a larger scale. 21>7 - Bearish Price >200SMA - Bullish RSI >50 -lower highs - Cautious 1st Target R142.49 Unfortunately, it's not looking good for the trade. It's close to the Stop loss. It's for this reason I lowered the stop loss level below the 200MA. An order block formed which created Sell Side LIquidity. This is where Smart Money comes in and sweeps in all the sells (Buyers - stops) and Shorters (entries). So if Smart Money is buying into this, we could get some upside. But like I said the trend has turned down and we mustn't get our hopes up.
JSE:INLLong
by Timonrosso
Ninety One Looking good to R50.82 and about the companyCup and Handle formed which is what we were waiting for. The breakout was quite vigorous and didn't give us the buy signal until Friday where the price opened above the breakout. Now that the price came down a bit gives a great buy signal A conservative trader will continue to wait for the price to retest a bit further. But an opportunist, will buy ASAP. 7>21>200 - Bullish RSI>50 Target R50.82 ABOUT THE COMPANY Ninety One (formerly Investec Asset Management) was founded in South Africa in 1991 by Ian Kantor and Bernard Kantor. The company manages over $140 billion in assets for clients worldwide, including institutions, financial advisors, and individual investors. Ninety One has offices in Africa, Asia, Europe, and the Americas, and employs over 1,800 people globally. In March 2020, Ninety One became a publicly traded company, with a listing on the London Stock Exchange.
JSE:NY1Long
by Timonrosso
Investec still showing great upside to come to R120.57 Falling Wedge is still in play with Investec. We see 7>21 SMA - Bullish Price >200SMA - Bullish RSI >50 -lower highs - Cautious 1st Target R120.57 General Info: Investec is a South African-based financial services company listed on the (JSE) in 2002.It operates not only in SA but also in the United Kingdom, and Australia and has a wide range of services including banking, wealth and investment management, and asset management. There are also investment options including equity and fixed income funds, private equity, property and infrastructure funds.
JSE:INLLong
by Timonrosso
Cup and Handle Trade on INL & INPJSE:INL has formed a Cup and Handle pattern which is a bullish continuation pattern. "As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance." (from Stockcharts.com) I have entered a long position on today's price action as it has broken through the level at the top of the cup. To establish the target, I have measured the depth of the cup and extrapolated it upwards which goes all the way to the next resistance level. THE EXACT SAME STRATEGY CAN BE APPLIED OT JSE:INP
JSE:INLLong
by RossLarter
A Look At The Bigger Picture For InvestecInvestec plc is an international, specialist bank and asset manager that provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa, and Australia as well as certain other countries. Investec plc is the controlling company of the majority of the group's non-Southern African operations. Technicals I have indicated the monthly structure in black and the weekly structure in pink. I expect the weekly structure to complete after either 3 or 5 waves to the downside and will be looking to trade the long from the end of both waves. Wave 5 of the weekly structure has a really good target and I will not miss the entry after a reversal confirmation.
JSE:INPLong
by Linton_White