KoosKanmar

KoosKanmar

USDZAR tagged 14.36, but was that enough for a sustained move to the bottom of this channel and a challenge to the 13.00 levels ?

KoosKanmar

Sanlam lacked momentum above 8100 level and are now trading back in what looks like a channel. In that channel it is building a bear flag that if broken could challenge the bottom of that channel. A lot of if's, but's and maybe's here.

KoosKanmar

Thought this one would stall, but looking set for higher prices. Volatility warning on precious metals.

KoosKanmar

Time to start becoming cautious again. We are in over throw territory here. Take care when committing to new long positions.

KoosKanmar

Trading in a well defined channel. Top of channel around 1430-1440 on current trajectory

KoosKanmar

Bear flag in the making. Target 380

KoosKanmar Updated 

Neckline break will open targets higher up. See chart for levels.

KoosKanmar

Omnia hitting very long term support. Maybe once to watch carefully going forward. Consolidation like we have seen with many other shares can take a very long time, but just maybe we've seen the worst this one has to offer.

KoosKanmar

Large diversified and going nowhere. Much like the South African economy.

KoosKanmar

Like so many other shares on the JSE, this one also lacks momentum to break from a very narrow trading range.

KoosKanmar

Might be up against some resistance here. Consolidation expected.

KoosKanmar

Support holding for now, but after a terrific January it is expected that it will consolidate to lower levels.

KoosKanmar

Lack of momentum.

KoosKanmar

There has been a lack of momentum above the 200 day weighed moving average. If weakness continues today, we will most likely end up with a bearish inverted hammer on the weekly. This is not the type of set up where you would want to add to current positions. Strength was likely driven by retail investors and not institutions. A correction in a bear market.

KoosKanmar

This time will probably not be any different. 5-7 Days above WMA 200. Nothing cast in stone but "History doesn't repeat itself but it often rhymes” - Mark Twain

KoosKanmar

Buyers pushing price back into channel. If successful it would constitute a false break with more upside (top of sideways range potential)

KoosKanmar

Santova broke out of a multi month downtrend and recently retested that breakout. Looking to go higher. Low liquidity on this one is however a problem and can result in some large swings. Stop losses should be managed accordingly.

KoosKanmar Updated 

Precious metals acting up which tells me that there is a sense of risk off in this market again. Flat top triangle break with a 4250 target price