7058 replies to this topic

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BIL technically a good long at the moment...

- longer term trendline in place ( July 2009 )

- head & shoulder inverse

- double bottom October 13

- close to 75% retracement of previous wave

- rsi & macd-divergence to price

- rsi recently testing 30 point-level, moving up again

 

let's see.. 

good call. it broke out of the descending channel. hopefully it can continue. i will join you when it breaks 303 . i hate resources so i have to be sure

[davidp13]

nice seeing this thread(CFD) being supported...remember, all traders make bad calls now and then so dont let that dissuade you from expressing your views here.

 

thanks to all who participate..good/bad calls i appreciate your time/effort.

D here is a question then.

My view on CFR more downside and I see buying ops around R85. Any views?

[delta66]

nice seeing this thread(CFD) being supported...remember, all traders make bad calls now and then so dont let that dissuade you from expressing your views here.

 

thanks to all who participate..good/bad calls i appreciate your time/effort.

[Bcallison]

In terms of technicals mtn appears as a buy but factoring the oil price and MTNs operation in Nigeria which economy operates on oil could affect there GDP of the country and result in a negative impact on mtn just a thought guys

[duster.382]

BIL technically a good long at the moment...

- longer term trendline in place ( July 2009 )

- head & shoulder inverse

- double bottom October 13

- close to 75% retracement of previous wave

- rsi & macd-divergence to price

- rsi recently testing 30 point-level, moving up again

 

let's see.. 

 

[zombii]

long MTN 22701 shortly before close.  as usual, staggered approach allowing for addition should it pull back further.  apart from director options have no idea why such a violent sudden drop-hence the spec punt...price sell down could be on sentiment but will find out either way soon

 

Maybe the falling Naira had something to do with it too.

[delta66]

long MTN 22701 shortly before close.  as usual, staggered approach allowing for addition should it pull back further.  apart from director options have no idea why such a violent sudden drop-hence the spec punt...price sell down could be on sentiment but will find out either way soon

[stoffels]

absolutely detest losing any trade...have that feeling now with sgl

been trading some time and quite honestly should of known better, domestic volatility in gold mining is one thing but going against global sentiment is another. the more i look at this trade in hindsight the more pissed i feel about it.

If Draghi disappoints, we could get some short term EUR strength/ USD weakness which should lead to a short term gold bounce which could provide a good exit opp.

[delta66]

absolutely detest losing any trade...have that feeling now with sgl

been trading some time and quite honestly should of known better, domestic volatility in gold mining is one thing but going against global sentiment is another. the more i look at this trade in hindsight the more pissed i feel about it.

[delta66]

Hey Delta,

 

have to topped up SGL at these levels?

its tempting but have order @18.10..the last of my staggered purchases(current ave price 2010) thereafter i'll cut should we see a fall through of 17.60

[strydomk]

Is tiger brands some sort of sick joke?

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End of dollar QE = Potential rise in US interest rates = Dollar strength = Dollar price of Gold Weakness.

 

Only thing that will mitigate now is implied Rand Weakness. 

thanks man. I still have a lot to learn

[ThatBlackGuy]

why is gold shares down again today?. i never trusted the resource sector thats why i still clear

 

End of dollar QE = Potential rise in US interest rates = Dollar strength = Dollar price of Gold Weakness.

 

Only thing that will mitigate now is implied Rand Weakness. 

[Rookie16]

Will the All Share join in on the US and EU greens from yesterday or will it continue to follow the reds in the east when we open? Views?

[crowe]

Hey Delta,

 

have to topped up SGL at these levels?

[soutie]

Kio holding up well given poor trading update.

Still short & will add above R288

[davidp13]

some perspective...

update on my SOL call...hehehe

Attached Files

•  SOL.jpg   188.71KB   15 downloads

[Gspot]

digi_...looking @TKG coming off 60+ level/order for channel bottom @5051 but considering entry(one third allocation)from 5510+- and addition @5051 should we see it.

-order on BHP 28051(need i say it - yep..one third pos size on entry )

 

I have been tracking BIL for a while, and I like that 1/3 entry at your price!  Wish I had the conviction to have followed at that price (when everything was dropping)....oh well, missed that opportunity!

I will probably buy in sometime this week (just awaiting the US data out today, and will add more based on ECB comments tomorrow)....

[delta66]

digi_...looking @TKG coming off 60+ level/order for channel bottom @5051 but considering entry(one third allocation)from 5510+- and addition @5051 should we see it.

-order on BHP 28051(need i say it - yep..one third pos size on entry )

 

 

 

[digi_dav]

Got into Harmony today - going in on the possibility that we could have made an intermediate bottom...lets see what happens tomorrow as results come out - it could be a massive 2 months / 75% gain.... 0.o