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JSE Share – Our next 25% trade setup

SNH – Steinhoff International Holdings We really like this setup,  first impulse wave finished higher than the previous high. Usually the second wave will have a deeper retracement between 61.8% and 78.6% Fibonacci level. That was already tested and wave 3 might me underway here… Buy zone for Steinhoff is at current prices R69.00 to […]
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JSE – Potential 10% Return

REI – Reinet Investments Reinet busy carving out a head and shoulders pattern. A close above that neckline would expose the measured target at 29.88.  Only a daily close below 26.00 would negate our bullish view. See second chart , the bullish divergence.  Lower in price but higher strength index… Buy at current levels R26.90, […]
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JSE Share – The Big Short

BGA – Barclays Africa Group On the weekly chart, we can see a potential Head and Shoulders pattern. Head and shoulders signals a reversal in trend, Barclays currently trading at the right shoulder and horizontal resistance.  Lets look at the Daily chart (second graph) to find a entry See our cheat sheet on how to […]
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JSE – Gartley Pattern

APN – Aspen Pharmacare Holdings Aspen is busy carving out a Bearish Gartley pattern. Currently trading at the C Point of the formation. See our detail strategy on how to trade the Gartley here The bullish Gartley pattern will be invalid if price action spiked below the A leg support.  Point C will be valid as long as price is above […]
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JSE – Best trade for 2017 on the JSE

AMS – Anglo Platinum The head and shoulders pattern is by far our favourite way to trade reversals in the market. They don’t come around often but when they do the profits can be considerable. But what actually qualifies as a head and shoulders? Where should it form on a chart and what attributes does it […]
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JSE – Bullish Gartley Pattern

Northam Platinum Northam Platinum carving out bullish Gartley Pattern. See our Rules of Engagement for a Bullish Gartley here A daily closed candle below the X would be the stop loss at 38.00 and first target 49.00 (61.8%  Fibonacci retracement) Risk reward ratio above 1:2, which makes his a good trade.  
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MTN – Harmonic Pattern

MTN Remember our MTN analysis on Monday? On the daily chart an inverse head and shoulders busy forming. A close above 120.00 will trigger our long trade, to target 148.00 But on the hourly graph we can see clearly a Gartley pattern.  How to trade a Gartley pattern?   The Gartley Pattern These patterns normally […]
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Impala Platinum – 6 Year Descending Channel

IMP – Impala Platinum An Impressive 6 Years Descending channel (started in January 2011).  See here how to trade Channels – Cheat Sheet to Trading Channels Technical break occurred in July 2016, and it is about to retest that channel resistance – now turned support Below you will see the Weekly chart, lets look closer […]
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JSE Shares – Weekly Forecast – Pick of the Week

This week we will focus on 3 shares, which we believe is the highest probability trades currently on the JSE.  Also with the best risk reward ratio setups… PIK – Pick and Pay Pick and Pay dropped sharply in recent months to long term support line (Trend line since 2013) On the 4 hourly graph, […]
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Tiger Brands – Double Top

TBS – Tiger Brands Tiger Brands formed a double top at 400.00, a daily close above 400 will negate our bearish view. Sell at current prices , with a stop loss at 420 and take profit at the neckline of the double top formation at 285 See below the Weekly chart