KoosKanmar

KoosKanmar Updated 

Looks like a bulls flag is building on this one. A break could open 55 as a target. One to watch.

KoosKanmar Updated 

Progressing nicely to the $246 target area. I hope we get there before earning on 17 July.

KoosKanmar Updated 

Inverted head and shoulders on the weekly This market is already up 10,44% for the year and looking at that inverted head and shoulders target of 85000, it does not look achievable for this year. A 85 000 target will give a total return of 26% if achieved during 2024. I'm cautiously optimistic. This is a wall of worry bull market. A decent pullback in 2024 would...

KoosKanmar

A two year downtrend on the Satrix Resources ETF has been broken. The 200 day moving average has been tested and it acted as support. Looking bullish. I have a position. Target for me is 76.

KoosKanmar

Copper retraced back to the 50%-61,7% Fibonacci retrace levels. An old trader I used to know called this the ambush zone, meaning it's a popular zone for a bounce or a pullback, depending if you're working off a low or a high. Interesting area to watch. No position.

KoosKanmar

Naspers is trading on support at 3570 and testing the breakout level. If it holds, a new all time high could become a target - 4500.

KoosKanmar

Naspers has been rangebound since December 2022. Going nowhere slowly.

KoosKanmar

Rising wedge breakout. Fin retracement levels indicated below. Sideways consolidation and downside looks more likely the upside right now. Trade carefully.

KoosKanmar Updated 

Head and shoulders formation A break of the neckline could see a target all the way down to $32 Nothing goes in a straight line, so the expectation is that the neckline could be tested more than once before either breaking down, or even going up.

KoosKanmar

Bull flag breakout target 18250 Expecting some conolidation to set in closer to that level Be nimble

KoosKanmar

Two rules: 1.Don't lose money 2. Don't forget rule one This share is undervalued - Check Softbank is gradually reducing their large stake - Check This share had lost momentum to the upside - Check Break below wedge for a new 52 week low - Check

KoosKanmar

Added some Alibaba on support for a move to $85 If support is around $72 Stop loss on a close below $70

KoosKanmar Updated 

Channel break on volume. First target 19,40 Second target 21,91 Earnings report on 5 Dec. Watch out of for this.

KoosKanmar

Naspers has been consolidating in a +-20% range between the high and the low for 2023. Let's hope we get a Xmas rally to break the upper boundary limit and end the year on a high.

KoosKanmar Updated 

Very little room for upside before resistance is met. Neutral until resistance or an upside break is confirmed. Nasdaq had a terrific ,but hard run last week. Time for a breather.

KoosKanmar

ZAR depreciated from 5,60 to 1 USD to 18,36 to 1 USD in 17 years. The trend is clear. You're fighting a losing battle investing in local ZAR priced shares only.

KoosKanmar Updated 

I'll be looking for a retest of the support line break we saw yesterday If we're lucky we can see that this week still If the support like is retested but fails to break, it will indicate a good short position Target for a short position will be 13750. Lots of open air below. Waiting for a retest/break

KoosKanmar

I closed my short position on Friday. There is a little more room for downside, but we are basically on support. I will follow a wait and see apporach today and tomorrow. Top of the wedge will be the target if some market strength returns. If we break support to the downside, a failed retest of the breakout line will be a good place to short. I am cautious in...