The oil revolution began with the mass-production of motor cars towards the end of the nineteenth century. Since then the world has been burning oil to meet an almost insatiable demand. Oil has become the most important commodity in the world economy. Almost every product and service incorporates an oil component in its cost structure […]
Daily Analysis – Shoprite
Today we going to be analysing Shoprite, another request from the Platinum Wealth forum. This stock is showing a very positive outlook for the long term. All indicators are showing bullish signals across all time frames. The first big hurdle for this stock is that it is approaching a major resistance area at 20,754. This area […]
Daily Analysis – Mediclinic
Due to popular demand in the Platinum Wealth Forum, today we are going to be analysing Mediclinic PLC. Looking at the chart this is a very confusing stock to analyse as most indicators are showing a positive bullish outlook on the daily chart, except for the 200 Day Moving Average and the Stochastic RSI which I […]
Are we now in a Bear Trend?
The president has delivered a shattering blow to the South African economy. Just as the economy was beginning to show definite signs of renewed optimism, South African consumers have been frightened into “pulling their heads back into their shells”. When consumers and businesses are scared, they typically stop spending and conserve cash to cope with […]
Daily Analysis – PSG
The stock we are going to be analysing today is PSG. It was picked up by my custom Bollinger reversal stock screener. It has just broken below the lower Bollinger band and the previous 2 candles have formed a harami pattern, signaling a possible reversion back to its mean at the 25,000 area. We have […]
Daily Analysis – EURUSD
Today we are going to be analysing one of my favourite and most traded currency pairs. The current outlook on this pair is negative. We have broken below a minor resistance and the 50 day moving average at the 1.067 area. Further downward movement could be expected until we reach the next major trend support area 1.060 […]
Daily Analysis – NASPERS
Today we are going to be analysing Naspers. Due to recent events in South Africa a lot of traders are looking for Rand Hedge stocks that are not affected by by the declining of the Rand. In my opinion Naspers is one of those stocks. It has a lot of overseas exposure with companies like TenCent […]
Daily Analysis – KIO
Today we are going to be analysing Kumba Iron Ore. This stock has recently broken through the 52 week high as shown by my custom 52 week high indicator.This shows a positive future outlook. Its has also broken through a major support area at 22,580. A close above this level will signal further bullish movement. […]
Political In-Fighting
Normally, in a healthy country, politics is not a major factor in the share market, but in the past year, since “Nenegate”, it has become a dominant factor in South Africa. The battle between President Zuma and his Finance Minister has been directly reflected in the strength of the rand. Zuma’s final decision to oust […]
Daily Analysis – PPC
In today’s analysis we going to be looking at PPC. With talks of a merger between PPC and Afrisam, PPC has issued a cautionary warning when dealing in its securities as the proposed merger and negotiations could have an affect on its share price. That being said in today’s analysis I am going to mix […]