258 replies to this topic

[new john]

Had nice little impala trade from yesterday to today...bit expensive now...any ideas anyone for cfds to go long buy and sell this week....

Check out OMU?

[Midas1]

Had nice little impala trade from yesterday to today...bit expensive now...any ideas anyone for cfds to go long buy and sell this week....

[Midas1]

Looks like npn still on major uprun...sold too early was up 5 % but wanted bank...

[Midas1]

Hi P,,,,bti i sold out long time ago....i want buy npn again at a low before tge Europe listing....any idea what a low could be ...ideally want under 3250 mark but headed up more since i sold on friday.....any ounts for going long on cfds next week....see imp had quite an uo run last week..but think that ship has soiled...anything else....cheers ..havent traded cfds for few weeks cause markets...keen dip in again

[Polly]

British american tobacco daily

 

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what a lovely brekaout at +-R535.00

 

now R571.00

 

noticed how the lilcac serrated line was the perfect resistance...hot that during day and fell...

 

target for breakout was R574.00 and wet staright to target in 2 days....

 

so could be a short here at R581.00 with stop at R610.00

 

[Polly]

tongaat weekly chart

 

 

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eish least said about this chart the better..

 

just look at volume tells you what the clever money and dumb money is doing...

 

informed money selling and most probably retail/gamblers buying...

 

support of R+-24 broken now resistance

 

next support at +-R 8.00  ...if that breaks then zero most likely...

 

 

[Polly]

capitec daily

 

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analysis

 

1. oversold on near term...can remain oversold till you go insolvent

2. head and shoulders broke...yesterday re kiss of neckline...goodbye kiss??

 

3. resistance now at R1321.40

4. next support at R1216.50

5. target for h&s is R1150 which coincides with lilac serrated line big support R1155.00

 

BIG NOTE:

directors have call options big at about R977.00...Now will Mr Market  target that to squeeze them out??? Possible but highly improbable...but with trading you never know..

 

 

 

[Polly]

EOH daily

 

 

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also range bound BUT

 

1. stoch showing downside

2. support @ 17.80

2. break of R17.80 to downside will see R12.00 

3. resistance is at R24.50

[Polly]

Aspen daily

 

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nothing to report here...still range bound...toc @ 112.00 and boc @ R90.00

 

 

trade the breakout with volumes is the call

 

 

[Polly]

Sasol daily

 

 

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nothing to report here...still bearish as last  and should go back to R335.00 medium term target

 

 

 

 

[Polly]

daily chart of anglos

 

 

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Analysis

 

 

1. stoch turning up...bullish

2. adx showing new uptrend starting ...bullish

3. supertrend turned positive...bullish

4. need to break above R384.00 to see R415.00 at least which i see possible in near term

[Polly]

daily chart of impala...

 

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Analysis..

 

1. stoch turning up nicely.  bullish

2. supertrend indicator saying long...billish

3. brown ma cutting above red ema...bullish

4. need to take out previous high of R70.00 and we could see R80.00 in near term very quickly

[Polly]

daily chart of npn

 

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Analysis

 

1. the support and buy was at the serrated lical line +- R3120.00 to go long

 

2. stoch turning upwards above 20 so still lots of upside

 

3. breaking above previous resistance which will now become support at R3440.000

 

4. Adi showing a new uptrend starting

 

5. taking all the bullishness on indicators described me think we can go right back to upward trendline R3900 with this one in near medium term.

 

 

[JR7800]

lol....called it short from R240.00 when **** it the Steinhoff!!

 

easy money already made there..

 

from a tech  point of view now in no mans land..ie neutral..

 

 

I have identified another good short ...wont say what it is,...but clue is on banking sector..

 

already in short near all time high....looking for 10% correction in medium term...very risky to short this share as its on a solid long term uptrend last 10 years...But with most of these similar companies they priced in for perfection ( ps, aspen  etc)...and one wrong move hedges move in big..

 

will keep you'll informed on progress.

 

PS already down 3% since i shorted last week!!! but target 10%

 

lol....called it short from R240.00 when **** it the Steinhoff!!

 

easy money already made there..

 

from a tech  point of view now in no mans land..ie neutral..

 

 

I have identified another good short ...wont say what it is,...but clue is on banking sector..

 

already in short near all time high....looking for 10% correction in medium term...very risky to short this share as its on a solid long term uptrend last 10 years...But with most of these similar companies they priced in for perfection ( ps, aspen  etc)...and one wrong move hedges move in big..

 

will keep you'll informed on progress.

 

PS already down 3% since i shorted last week!!! but target 10%

 

Polly, I think it is Capitec - Personally I think this share is also a bit rich at these level. I think your 10% downside is not far off. I just cant get myself to short it, to scared. Good luck.

[Polly]

Polly, your view on Aspen?

 

lol....called it short from R240.00 when **** it the Steinhoff!!

 

easy money already made there..

 

from a tech  point of view now in no mans land..ie neutral..

 

 

I have identified another good short ...wont say what it is,...but clue is on banking sector..

 

already in short near all time high....looking for 10% correction in medium term...very risky to short this share as its on a solid long term uptrend last 10 years...But with most of these similar companies they priced in for perfection ( ps, aspen  etc)...and one wrong move hedges move in big..

 

will keep you'll informed on progress.

 

PS already down 3% since i shorted last week!!! but target 10%

[Tetonka]

First cfd trade posted on thsi thread i created...dated 2 may 2019

 

let your fingers do the walking through the yellow pages

and then let your calls do the talking on this forum...

 

 

10000 shares shorted medium tern ..

 

closed exactly at target today

 

invested 10000 times 2.135 = 21350  ( margin)

sold for   10000 times 15.00   =150000

cost  10000 times 21.35= 213500

 

profit R63500

 

excluding interest received on shorts 

 

thats a 300% return on capital in about a month...

 

and someone wants to teach me how to0 trade...( a cent of 2 on the ps...what a joke)

 

 

all call , profit target and stop loss in black and white!!

Polly, your view on Aspen?

[Polly]

went short today on tongaat hulets @ R21.35...stop at R24.35

 

take profit......near R15.00 or better

First cfd trade posted on thsi thread i created...dated 2 may 2019

 

let your fingers do the walking through the yellow pages

and then let your calls do the talking on this forum...

 

 

10000 shares shorted medium tern ..

 

closed exactly at target today

 

invested 10000 times 2.135 = 21350  ( margin)

sold for   10000 times 15.00   =150000

cost  10000 times 21.35= 213500

 

profit R63500

 

excluding interest received on shorts 

 

thats a 300% return on capital in about a month...

 

and someone wants to teach me how to0 trade...( a cent of 2 on the ps...what a joke)

 

 

all call , profit target and stop loss in black and white!!

[Midas1]

Only equity i have nastily down mcz...just holding but looks very sad that share

[Polly]

Hi. Did see other chart thanks. Do you use stops on equities as well? Thought you were just referring cfds...equities ice never done that but most mine quite 'sensible ' shares

i said mental or actual

 

 

actual...cfds

 

mental....equities    ( equity platforms dont allow physical stops...that why when you invest in equities , u need to determine a stop lelve at time of order....and tell yourself if price reaches +- xxx i will sell)

 

 

obviouly with cfds your stop will be narrower (  1 to 5%)...With equities very much wider....10% to 20% is the norm

Edited by Polly, 25 May 2019 - 12:03 PM.

[Midas1]

Hi. Did see other chart thanks. Do you use stops on equities as well? Thought you were just referring cfds...equities ice never done that but most mine quite 'sensible ' shares