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JSE Share – Aspen

APN – Aspen Pharmacare Holdings Aspen receives almost 80% of its earnings offshore. The company’s share price has been lagging the past year on the back of a stronger rand and as a result of GSK selling of its stake in the company. Aspen is launching a number of high-margin products this year in the […]

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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 – 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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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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