26 replies to this topic

[Timonr]

The ALSI 40 broke it's neckline on the Head and Shoulders pattern. 

 

It's next target looks to be around 42,491. Guess I'll only be looking for shorts for now.

 

Chart below... 

 

 HS ALSI 9 July 2014.jpg   76.36KB   12 downloads

 

I'd like to here your thoughts and what potential trades you see...

[Bits]

Hi Wolf..

 

Given the lie of the land, I'd wager that trading as a newbie right now has an above average likely-hood of turning into an experience you'll never forget.. Just make sure you only use money that you don't like..  

 

Good luck.

[Wolf on JSE]

Hi guys

Need help with a portfolio. Need to trade (hold max a week) with top 40 shares and try to get +- 2% growth. Maby thoughts for today or any other day? Some help would really help I am a high school student with next to nothing experience

[Timonr]

Hi New KId... I've never traded Spur before but I guess a chart is a chart...

 

Looking at the daily chart there was a big falling wedge forming over the last couple of months.

But then it broke out which signaled fantastic upside...

 

Now one of the rules I use with a falling wedge is that, I base the target level at the top of the wedge which is around R39.00

 

Take a look at the chart so you can see another analysis... Thanks for the question and hope this helps a bit. 

 

Spur trade.jpg

Hi New kid, Spur hit it's target at R39.00 and has now made a bearish candle.

 

I'd now wait for a new formation before guessing where it's going next..

 

Nice trade. 

 

Timon @timonr

[Timonr]

The ALSI (currently 47,994)  is showing huge upside to come in the daily chart...

 

I see a Cup and handle which broke out on the 14th April 2015. Since it's broken out its had and having a consolidation now... 

 

But in the next few weeks looks like it's going to be heading back up which can take it to it's next ALL Time High target of 52,543 (9.4% move).

 

Take a look at the chart and let me hear your thoughts!

 

Timon

@timonr

 

 ALSI Target 52543 Cup and Handle Weekly.jpg   144.55KB   27 downloads

[Motion Picture]

Oi, the South African Rand is not looking good...

 

Looking at the huge W formation on the Monthly USD/ZAR chart, it's next target could be at R16.43...

 

This could be great for resource stocks and possibly Gold. 

 

Rand prediction to R1643.JPG

 

Thanks Timon. This looks very juicy for a long on the USD

[Timonr]

Oi, the South African Rand is not looking good...

 

Looking at the huge W formation on the Monthly USD/ZAR chart, it's next target could be at R16.43...

 

This could be great for resource stocks and possibly Gold. 

 

 Rand prediction to R1643.JPG   55.42KB   42 downloads

[Timonr]

Proptrax SAPY target reached at 6,400...

Here's how the trade played out. 

For more probability predictions @timonr

 Proptrax Target Reached 6400 .JPG   65.4KB   39 downloads

[New_kid]

Thank you Timonr<br /><br />Did not see the down trend, haha.<br />But I got in at R33.00 so lets call it beginners luck.

[delta66]

interesting, thks for chart. don't trade J203 but that (W) looks a good setup...somewhat over exposed on several positions but will keep watch out of interest.

[Timonr]

Looks like a fantastic opportunity to go long JSE-Resources soon - Billiton and Anglo Resources...

 

Take a look here!  Resource sector prediction.jpg   51.74KB   45 downloads

 

 

[Timonr]

Hi 

 

would you guys say the break in this pattern (Spur Holdings) still have some steam left?

Hi New KId... I've never traded Spur before but I guess a chart is a chart...

 

Looking at the daily chart there was a big falling wedge forming over the last couple of months.

But then it broke out which signaled fantastic upside...

 

Now one of the rules I use with a falling wedge is that, I base the target level at the top of the wedge which is around R39.00

 

Take a look at the chart so you can see another analysis... Thanks for the question and hope this helps a bit. 

 

 Spur trade.jpg   108.46KB   47 downloads

[New_kid]

Hi 

 

would you guys say the break in this pattern (Spur Holdings) still have some steam left?

Attached Files

•  Spur Trade.jpg   83.25KB   19 downloads

[Timonr]

Implats hit it's target at R68.81 in a day... 

 

Here were the specifics:

 

Implats Inverse Head and Shoulders 

Entry: R63.74 

Stop loss R60.00

Take profit R68.81

 

It was a medium probability trade as the current direction was down...

 

Chart here, 

 IMP Inverse Head and Shoulders - Daily - MPT - Take profit hit.jpg   46.64KB   53 downloads

 

 

[delta66]

Richemont (CFR) looking good for upside 

Irregular W Formation 

Target 1 - R112.08 

@timonr

 

CFR W Formation - 23 April 2015.png

*&&^*& - that grates me!...very recently closed out 10550 but such is life...thks for analysis

[Timonr]

Richemont (CFR) looking good for upside 

Irregular W Formation 

Target 1 - R112.08 

@timonr

 

 CFR W Formation - 23 April 2015.png   13.78KB   65 downloads

[Timonr]

USD/ZAR 

Broke out of Daily Inverse Head and Shoulders.

Target 1 - R12.50.

HPT (High probability trade) as It's following the USD uptrend.

 Inverse Head and Shoulders Target R123535.jpg   36.23KB   53 downloads

[Timonr]

SASOL Potential trade:

 

Potential W-Formation forming on Sasol daily chart...

 

Target 1 - R565.62

Medium probability trade as it's forming in a prevalent downtrend...

 

Will only risk 1.5% of porty with this trade...

 

Your thoughts?

 W Formation - SOL - 21 April 2015.JPG   44.65KB   64 downloads

[gannet]

heya Timon,  thks for post...have a trade open on woolies with a similar target(1st tp 9410 2nd tp 9601) albeit not based on  wedge break-out

 

Not trading it. Just my 2c guesstimate. It might need to get past 91.84 - ish before it gets going again

[delta66]

Woolies (WHL) Wedge pattern break-out still looking strong... 

It's next target looks to be R94.04...

 

Any thoughts on it?

 

Woolies Bullish Wedge BO.jpg

heya Timon,  thks for post...have a trade open on woolies with a similar target(1st tp 9410 2nd tp 9601) albeit not based on  wedge break-out