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, […]
Author: Stanton Roux
Algotrading.co.za is a free online learning platform that merges my two passions software and trading.
I like to bring a new twist to trading and show how software can improve your trading skills.
Daily Analysis – Spot Gold
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 […]
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 […]
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 […]
Daily Analysis – Famous Brands
Today’s stock was picked up by 2 of my custom stock screeners, The Bill Williams Fractal Breakout and my Explosive Stock Screener. Its been a while since I have seen the same stock picked up by 2 screeners. The question is oops what happened here? The release of Famous Brands SENS statement today must have […]
Daily Analysis – Bidvest
Today’s stock Bidvest, was picked up by my custom Donchian Channel Screener as a potential break-out stock. The Donchian channel is a trend-following indicator which was heavily used by the infamous Turtle traders, created by Richard Donchian. This screener scans the market for stocks that breakout above or below the Donchian Channel. The Donchian channel is made up […]