MicrostrategyNASDAQ:MSTR is at an area of value. Ideally, I want to see a breakout above this level. However, if sellers are willing to push the price down to the previous support level we could see a downward movement.
Trendtraderjse
EOH recoveryJSE:EOH staging a potential Stage 2 movement. Fundamentally, EOH reported negative EPS. So, a buy idea is based solely on technical analysis.
Apple at a potential support levelI would like to see NASDAQ:AAPL bounce at this potential support level. It closed this week below a key MA, which is a bit worrying.
Aspen breakoutJSE:APN breakout happened last week. It could be the start of a good thing. Fingers crossed. Manage risk accordingly.
Carvana breakoutWith hindsight, it wasn't wise to buy NYSE:CVNA as it gapped up (blue arrow). Luckily, the stock has consolidated without breaking down. Yesterday, following the FOMC decision, it broke above the consolidation range. Expect an upside move on NYSE:CVNA but there might be a resistance near $56.
BHP GroupKeeping an eye on JSE:BHG in anticipation of a breakout. It's been trading in a range for the year, a breakout might push the price higher.
Richemont long ideaJSE:CFR closed above a key MA today, the stock is also above a potential resistance level. The MA is still facing downwards, however, without the indicator, the price action is compelling to initiate a long position.
Potential target and stop levels on the chart.
SasolJSE:SOL has tested this MA several times and failed to remain above it. The stock is back above this level, but there's a bit of an overhead resistance. Taking TVC:UKOIL into consideration, a long position is worth a punt.
CurroJSE:COH is forming what looks like a cup-and-handle, and the price is at the pivot point. Other than that, key MAs are rising and to me that a positive sign to initiate a long position.
AmazonEnjoyed the NASDAQ:AMZN ride from $107 to the current level. Now looking forward to the next move, an ideal move is a close above $144. We always root for the upside.
AppleNASDAQ:AAPL levels of interest; a bounce at the current level, or a bounce near $172. This week's trade levels might guide the next move, stock on the watchlist.
Anglo-AshantiThe previous bullish idea has been invalidated. JSE:ANG failed to find support at the support level, and to bounce at a key MA. JSE:ANG has broke below the 200 dMA, not looking for long opportunities as long as it remains below this level.
AspenSolid move from JSE:APN , on a 52-week high list, and depending on how you see things, a breakout on a cup-and-handle.
Standard BankJSE:SBK closing high for the week, with a bigger green candle than last week. The stock is trading near a 52-week high, we would like to see an upward move.
Anglo AshantiJSE:ANG could be onto something. The stock cracked weeks ago witht the rest of the gold stocks. We noted a potential support level, and now the stock is trading above a key MA. It looks bullish to me.
TFGJSE:TFG is at an area of value, near a key MA and near a resistance level. Based on the MA, JSE:TFG can move past the resistance level, however, the stock is trading ex-dividend on the 19th. There we might see a R1.50 price drop.
The stock is interesting nonetheless.
Anglo-AshantiFollowing a promising rally in TVC:GOLD futures, gold miners benefited from the rally. However, JSE:ANG has given back all the rally gains. JSE:ANG is now trading below what was a potential support level, and it's trading below the 200 dMA. From this view, the stock is bearish, but fakeouts do happen.
Tech charging higherAMEX:XLK is up nearly 40% year-to-date, with a decent recovery in the tech sector. NASDAQ:AAPL hit $3 trillion yesterday and other ETFs such as the JSE:SYG4IR are benefiting from the tech strength.
AMEX:XLK is now near the previous all-time high, if there's enough strength from the holding companies, this level should be cleared easily.
Keep moving.
SasolJSE:SOL seems to have found support near R226 and has fought its way to low R260s. A close above R265 will be interesting.
Let's not discuss oil prices and other stuff that's going around globally.
AlphabetsNASDAQ:GOOGL at another area of value. A close above $127-ish opens a window for a potential move to $142.
Always rooting for the upside.
Ab InbevJSE:ANH back below the previous resistance level. The previous long trade idea is now invalidated; our stop was hit few weeks ago at break-even.
Might be a good setup for a short position targeting R800 (a worse case scenario for the stock).
WoolworthsJSE:WHL broke below another distribution level. Overall, JSE retailers are under pressure for various reasons; load-shedding and some justt poor managemenent decisions.
How low can it go? Note that JSE:CLS and JSE:MRP are also weak.
SibanyeIt obviously depends on how far you zoom out and how you draw the trendlines. However, the chart doesn't paint a good picture for JSE:SSW
Buyers are needed to step up and save the stock. No position.
