7058 replies to this topic

[AJS]

you pretty sharp on tech analysis AJ..where do you see major support?  i have a figure 2400+- going back last year so could be worth a punt if you stagger your buy(div coming as well)

don't think technicals are driving price action here though..US data should lend more clarity later on

 

Jip, agree.

 

Last year the R25 (R24.90-ish) area was strong overhead resistance and when it popped it moved quite quickly. The 100DMA comes in around that level as well.  Might look to buy some around R25 for a potential move back to R30.  All the talk about interest rate hikes next year might bring a new perspective to the precious yellow metal!

[delta66]

Delta - hows it looking with a couple SGL there? Caught my eye today.

you pretty sharp on tech analysis AJ..where do you see major support?  i have a figure 2400+- going back last year so could be worth a punt if you stagger your buy(div coming as well)

don't think technicals are driving price action here though..US data should lend more clarity later on

[AJS]

Delta - hows it looking with a couple SGL there? Caught my eye today.

[delta66]

3month chart on TKG..see the flush @50dma(around 23th Jan)

[delta66]

could bounce off 50dma..lets see

[REDorBLACK]

im out of tkg on the breach of 75...not looking healthy at all. will take a modesy loss for now.

[delta66]

said yesterday keep your stops tight...

[REDorBLACK]

royal flush

 

royal flush

 

enough flush - to hit my stop and go back to where it us 2 seconds before!!!! i smell a rat!!!    

[zombii]

MTN back above 220. Did someone mess up a sell trade?

[delta66]

wow..what just happened to MTN

royal flush

[REDorBLACK]

wow..what just happened to MTN

[delta66]

TKG broken 20dma looks like a staggered buy being a safer approach i'm still a buyer but just not in big lots

[zombii]

Thoughts on going short IMP at these levels? With the RES sector looking brittle in general, IMP seems to be on a downslide.

[crowe]

Crowe...nonfarm payroll(US) should provide some support for gold if below expectation but whether it translates into a share price gain on SGL is the question. price from what i can see is in limbo with next major support around 2400 and resistance now becoming 3000(numbers rounded off)  we'll probably see continued weakness in ADR's until actual data becomes available(US time) US$ still very strong not helping.

overall this has become a difficult trade with fundamental news steering price, honestly was not expecting the sell down we've seen.

 

will probably close out this morning manually on a drop below 2700..apologies to anyone who got the short end of this bad call 

thanx Delta,

 

really no need to apologise for this!! your inputs regardless of outcome are greatly appreciated.

[delta66]

VOD seems to be moving up again...at the key 140 level.

yes..its a beautiful thing    will start selling off from 14150

[REDorBLACK]

VOD seems to be moving up again...at the key 140 level.

[delta66]

lot size wasnt too big so fully filled...you say lucky..im thinking we could still see lower. tkg has run hard its due for a sizeable pullback

cant see that large a draw-down from 78..perhaps 76 then 74(??)

[REDorBLACK]

damn man...you lucky you got in at 7800 my order wasn't filled(goddamm it) did you only get a partial fill?  put my stops on MTN way to tight, just under that critical 22000 level   but on larger position couldn't risk fallout

lot size wasnt too big so fully filled...you say lucky..im thinking we could still see lower. tkg has run hard its due for a sizeable pullback

[delta66]

still holding mtn   and 2nd order for tkg filled at 78...

damn man...you lucky you got in at 7800 my order wasn't filled(goddamm it) did you only get a partial fill?  put my stops on MTN way to tight, just under that critical 22000 level   but on larger position couldn't risk fallout

[REDorBLACK]

TKG..starting to equalize somewhat as well.  considering 7850 as 2nd tranche

still holding mtn   and 2nd order for tkg filled at 78...