Today's CFD Call

low volume on Naspers... testing that double top around R640. still holding a short on this one

Broke out to upside!!! 

 

Aggressive traders can go long now...Othewise wait for closing confirmation!!

ACL up 6.5% today in Amsterdam on the back of Q1 results, long at 2660 looking to take it up to the resistance of the falling wedge. 

Just shorted 500 BVT at 25902. Earlier went long on 5000 ABL 2293.

Other open positions include BAW 1000 long, MTN 1000 long, BIL 500 long, and two ALSI ZAR10 mini contracts short.

Trade Ideas:

1. Short:  Bidvest, Huge shortsqueeze has pushed Bidvest up R35 in 20 days. We believe this is overdone and are shorting the stock above R260.

1. Long: ABIL, Stock is heavily oversold and the stock has found support at around R22. Results are due on May the 23^rd. We are buyers and traders off R22.50.

Broke out to upside!!! 

Aggressive traders can go long now...Othewise wait for closing confirmation!!

acll.bmp

 

 

 

ACL is trading in a falling channel. Go long on a breakout above  a close of R25.70

im long CFR thanks to inp doing well :-D

From SBK tech analysis from a few days ago:

 

Technical view: Positive breakout. INL pulled back in the form of a falling-wedge pattern after peaking at 7,030cps. It has recently breached the upper slope of this pattern and has even confirmed a positive breakout above 6,550cps. However, the daily RSI is extremely overbought and might trigger a reversal in the near term, which could fuel downside through the 6,550cps level. We would recommend a long position above 6,550cps but only once the daily RSI has come off its over-extended position. The target of the falling-wedge pattern is situated at 8,610cps. 

Thanks ClockworkOrange!

Trade Ideas

1. Long: ABIL, Stock is heavily oversold and the stock has found support at around R22. Results are due on May the 23^rd. We are buyers and traders off R22.50.

1. Long: Barloworld below R100, strong trading update was released today and stock has broken trendline resistance.

anybody knows whats a good target for invplc? i am long from around 62,50. I got in with a medium term view for a target near 70, though now i feel that it is going to go passed this easily, but i dont know what i should move my target to now. any ideas advise would be appreciated.

 

Thanks

From SBK tech analysis from a few days ago:

Technical view: Positive breakout. INL pulled back in the form of a falling-wedge pattern after peaking at 7,030cps. It has recently breached the upper slope of this pattern and has even confirmed a positive breakout above 6,550cps. However, the daily RSI is extremely overbought and might trigger a reversal in the near term, which could fuel downside through the 6,550cps level. We would recommend a long position above 6,550cps but only once the daily RSI has come off its over-extended position. The target of the falling-wedge pattern is situated at 8,610cps. 

anybody knows whats a good target for invplc? i am long from around 62,50. I got in with a medium term view for a target near 70, though now i feel that it is going to go passed this easily, but i dont know what i should move my target to now. any ideas advise would be appreciated.

Thanks

Thank you  appreciate your input.I'm plotting to go long GFI but noticed today it went down compared to the rest of the gold sector

http://finance.yahoo...om/q?s=GFI&ql=1

Thank you  appreciate your input.I'm plotting to go long GFI but noticed today it went down compared to the rest of the gold sector

Current prices - doings on Dow of gold companies ABX is Barrick

Edited by jaDEB, 08 May 2013 - 05:43 PM.

is it possible that a double bottom pattern is forming on GFI.

Lon looks a good long with a very tight stop loss.. Despite furnace problems reported last week when price dropped towards R36.00 , she is now above R41.00!

Looking at yesterdays sens, Glenmore (Xtrata) have been buying in open market to increase their holdings to above 24% now.

This is very good for its share price. If these guys can pick it up dead cheap in open market, they may finally get what they want..ie a controlling interest!!!

So bid side may push price up slowly..make sure you got a stop though!!

Looking at channel breakout only...Profit around R29.50 if she breaks out!!

HDB, what would you target on this? Are you looking only at the initial channel breakout out or the follow through into the wedge forming since December. This could be a play up into the R30's and beyond??

HDB, what would you target on this? Are you looking only at the initial channel breakout out or the follow through into the wedge forming since December. This could be a play up into the R30's and beyond??

 acll.bmp   2.02MB   23 downloads

ACL is trading in a falling channel. Go long on a breakout above  a close of R25.70

Must be a trade on ABL but I'm certainly not going to try picking the bottom on this one, i will wait for a positive reversal for the entry. Any wisdom from the chartists on what we should be looking for to enter long?

Anyone think the market over reacted with ABL? Maybe a quick CFD trade today?