Missed investor expectations Rising wedge with negatives divergences Naspers will follow this one like a shadow
Crazy as it seems at these lofty levels, this look like a bull flag break with a target of around 58k. Overhead resistance also broke with a retest of support on a shorter time frames. 1000pts to go.
After a failed first attempt now making a second attempt at the neckline of an inverted head and shoulders. Targets on chart if it succeeds this time around.
Break of 11100 neckline will open 12100, 12900 targets
Will top resistance hold ? We will have to wait and see.
Making lower highs recently and now on support, a break of support could mean a test of lower levels 13000, 12400. Wait for a break on this one. We could see another lower high before then.
Bleak picture for ZAR. Technically looking weak.
Flat top triangle breakout with a 6650 target
After bear flag break this one is basically on the target
Bull flag break and first target is in the pipeline.
Bear flag break and 7250 target looming
Inverted head and shoulders breakout and retest. I think this share is poised to go higher. Looks like good value on paper as well.
Continued ZAR weakness will hurt an already overtaxed economy.
I will be waiting for resistance around the 900 level to kick in. Expecting a little bit of consolidation at that level. My approach would be to get in at a lower level for a move to 987 as a first target.