$JSE-VODJSE:VOD
Still stuck in the range that was made after results were published.
Break bellow 12800 will open target around 12000.
Jsetop40
$JSE-BHPJSE:BHP
From false move come fast move.
False break lower few weeks back run to the top of the range
False break higher few days ago and looks going to test bottom of the range again.
$JSE-MTNJSE:MTN
If you believe that "From false move comes fast move" than you should be shorting $JSEMTN here.
$JSE-CFRJSE:CFR
Consolidates in small box after initial drop .
Break bellow will first target 10300 area but ultimate target should be around 9800
$JSE-MEIJSE:MEI
Bullish flag been broken.
First target around 7500
Ultimate target for flag is around 8700/8800 level where gap is still open
Turnaround for MEI?Hitting some resistance might see some movement downward if momentum runs out
The idea is based on my strategy, please consider before using this idea.
Feel free to comment whether you agree or not, I welcome conversation.
Remember to use a stop-loss and manage risk.
Note: The views provided herein do not constitute financial advice.
$JSE-VODJSE:VOD
Successfully back test broken range, making big engulfing bar today.
Target is around 14500
Possible short in $FSRHoping the upward channel is broken for a move lower in FSR, supported by turning MACD.
$JSE-SBKJSE:SBK
Making head and shoulders.
Break bellow 17000 will probably open targets towards 14500/15000 area.
$JSE-CLSJSE:CLS
Broke ascending triangle on weekly chart yesterday. If you are long great if you are not wait for pull back.
Target is around 29000
J200 - TOP40 JSE:J200
On Wednesday J200 closed below big rectangular consolidation and yesterday confirmed with another close.
Looks like more down side coming.
$JSE-BIDJSE:BID
Is one of the shares that don't care about current sell off and would be one of the good bet to go long when market turns.
Few days ago it made big engulfing bar and current action is still inside that bar, making symmetrical triangle.
Wait for range to break before you take position.
