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February 25, 2019

I have entered a long position on JSE:RDF as it had formed a bullish harami on Friday which often signifies a reversal. It traded higher this morning and triggered my order. 

Aiming for the significant resistance zone around the 1050 area.

December 12, 2018

JSE:APN has formed a bullish harami on a double bottom which means it should be good for a long position.

December 12, 2018

We have entered a long position on JSE:ABG because of a bullish ngulfing pattern tht has formed. 
Although there is not much history on this instrument, it is also at a support level which solidifies the signal.

July 23, 2018

Hi Traders.

Once again, the ALSI is trading in same channel that it has been in for the past while. It was on it's way to the top of the channel at the start of last week, but it seemed to lose a bit of steam when it reached the middle of the channel.

If you take a look at the 5min chart of today's activity so far, you can see that there is a gap to close.


July 16, 2018

Hi Traders.

It hasn't been the most exciting period for trading the ALSI at the moment as it remains in a consolidation phase. The price is still trading in the same sideways channel that it has been in since Feb this year.

 Judging by the way that it has been going lately, we can expect it to continue bumping around in this channel. It is currently on it's...

July 2, 2018

Hi Traders.

The ALSI is once again trading in the same consolidation channel that it has been for past five months.

 It is said that the longer that consolidation period is, the stronger the eventual breakout will be. Once the price finally decides to breakout of this consolidation range, we could be looking at an upper target of somewhere between 55 000 an...

June 25, 2018

Hi Traders.

Last week saw a downward move with quite a lot of momentum in the early part of the week, which tapered off to a bit of an up move towards the end of the week. There was quite a lot of indecision towards the end of the week resulting in doji candles.

After a up-turn on Friday, today's opening seems to be strongly in a downward trajectory, still...

June 18, 2018

Hi Traders.

Last week, we were predicting the inverted head and shoulders pattern that seemed to have been forming would play out, but it seems that it couldn't push through the resistance level that formed at the neckline of the H&S pattern. Instead of breaking through and heading for it's target it bounced off of this level quite strongly and continued d...

June 11, 2018

Hi Traders.

As you can see from the screenshot below, the ALSI is still currently trading in the upward channel that it has been in for a while. It is edging closer and closer to the top of the channel.

The current level where it is trading at the moment is acting as a resistance level and we could see it stalling here for a while until it continues upwards...

June 4, 2018

Hi Traders

Last week was quite an up and down kind of week with a strong downward momentum for the first two days followed by a strong downward momentum towards the end of the week. We saw a 'textbook' bounce off the bottom of the upward channel that it has been trading in for the past couple of months.

In the shorter term, we can see a reversal in trend ha...

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