Gold has been under pressure this week due to a stronger dollar caused by the recent FED decision to raise interest rates and hawkish comments made by FED officials this week. The Spot Gold (XAUSD) chart is showing some bullish signals with the commodity testing the horizontal and the diagonal trend support area at 1,244 […]
Daily Analysis – Reverting Stocks
The stocks in the screenshot below were picked up by my custom Bollinger Reversal screener. The screener looks for stocks that have broken out above or below the upper or lower Bollinger bands. It then checks to see if the current candle is a high probability reversal candle such as a harami or engulfing candle, […]
Daily Analysis – ZAR
The release of Friday’s lacklustre nonfarm payrolls data could provide the catalyst for further Rand gains against the Dollar. The chance of a US interest rate hike in June has also dropped slightly and the chance of 2 rate hikes for this year has dropped to below 50% and with no planned FOMC meetings leading […]
Daily Analysis – Remgro
Today’s stock Remgro was picked up by my custom Bollinger Reversal Screener as a potential reversal stock. Its its not a straight forward mean reversal stock as there is a major resistance zone at 21,740 blocking the path to the mean at 22,200. Today’s candle is forming nice bullish Harami pattern and has and crossed back over […]
LONG 4 LIFE (L4L)
As a private investor, you are really trying to catch onto the coat-tails of a proven entrepreneur and then go along for the ride. The secret is to find an appropriate entrepreneur with solid experience and then jump on board as early as possible. The newly listed company Long 4 Life was launched by Brian […]
Daily Analysis – Liberty Holdings
Liberty Holdings was picked up by my custom Bollinger Reversal Screener. Yesterdays candle pierced the upper Bollinger Band and also tested the 200 Day MA. Today’s candle confirms the rejection and has formed a Bearish Engulfing Candle, a strong sign of a potential reversal. Based purely on mean reversion strategy it is likely that we are […]
Daily Analysis – Anglo American
Todays stock was another stock picked up by my 20 period Fractal Break-out screener. It picked up Anglo America as a possible break-out stock towards the down side. Yesterday there was a rejected attempt at the minor resistance area at 19,113 andthe 200 Day MA. Today’s candle validated that rejection and a move back to the […]
Dischem’s Maiden Results
Dischem listed on the JSE on 18th November 2016, raising R750m via a private placing. The company is well-known to South Africans as an alternative to the already-listed Clicks. One of the primary purposes of the listing was to enable Dischem to expand its store base aggressively. Clicks has about 600 stores, and common sense […]
Daily Analysis – Platinum
Platinum today saw a bit of a drop but it looks like it it is being held up at the 939 support zone. A close below this level could see the price falling to the next support area at 900 – 893. A close below the 900 levels which is the low of this years trading […]
The Giant Awakens
As expected, Wall Street is making new highs on the back of a buoyant economy and record low unemployment. It is ignoring the bad news like weaker-than-expected housing and focusing on the bullish data like the 211 000 jobs created in April month. This is typical bull market behavior. In a bull market, investors focus […]