T2TWELL

T2TWELL

SA40 index on the 3hour is confirming a flag(falling wedge) breakup entry :66350 target :68450 stop : 65300

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ANH has been consolidating in a 4 month sideways box which failed to break down and is now breaking the upper end of its range. breakout trend pending here if it closes green today. Reward to risk : 1.5 :1

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Remgro is trading in the apex of its falling wedge pattern that has brought prices back to value into the support level of R138, longs are favoured with a 2:1 reward to risk ratio

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Sasol is trading at the bottom end of its 8 month sideways channel offering a good risk to reward entry on the long side entry : R229 stop : R206 target R265

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MRP broke out of a symmetrical triangle and is now retesting the upper trend breakout zone around the R140.00 price level. entry : R140 stop : R136 target : R146

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Weekly Long idea Anglo American Platinum since 2009 seems to show a pattern that it bottoms out of its bear market once prices have dropped 65%-75% from its previous All time highs, the same scenario is playing out now and this could be a good long term hold off current levels entry : R692.00 stop loss : R400.00 target : R3335.00

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Short Idea Anglo American has rejected the R546,00 confluence resistance zone and is no looking to head lower and retest its yearly lows entry : R517.00 stop : R545.00 target : R457.00

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FirstRand group is holding support of its longer term trendline support(resistance that became support) off the R65.00 technical level, a 2:1 reward to risk off this buy zone could offer a good trade to the upside entry : R65,00 stop : R62.00 target : R72,00

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Clicks group is showing good signs that its R255.00 level is holding as support which provides a a 2:1 reward to risk ratio off longs at current levels Entry : R256.00 stoploss : R240.00 target : R292.00

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ANH has been consolidating within a box formation for the last 90 days and is now looking to attempt a breakout above the R1110.00resistance level A solid close above this R1100.00 level with confirm the breakup which opens up targets to retest R1220.00

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Trading setup : Head and shoulders neckline retest rejection Short entry 72.50 Stop Loss : 73.60 Target : 70.00

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SA top40 index held support off the 67500 level last week Friday and is looking to move higher this week with positive divergence forming on the RSI(2) good risk reward ratio are favored for the upside so long has 67500 holds this week

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TGA based out nicely off R126.00 over the last 2 months and is now trading well above its 50ema and it previous resistance level of R136.00 pullbacks to the 134/136 zone provides good Reward to risk ratios on the long side

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AGL is showing signs of bottoming out with positive divergence on its RSI while trading near the apex of a falling wedge pattern, Long risk entries on a close above 552.70 can see a push back to 580.00 level

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WHL has reached the bottom of its bullish Channel providing a good Risk entry @ 77.70 expecting a move back up to 82.50 over the next few weeks

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top40 index of south Africa is attempting to form the right shoulder support of a bigger IHS pattern that been forming over the last 2 months or so. aggressive entries today on the long side provides good Risk reward of 1:3

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ARI is now trading at the apex of its 4 month falling wedge pattern, a breakup and close above R202.00 see"s targets open up to R229.00

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Clicks group is forming a massive IHS pattern over the last 4 months. aggressive entries at the right shoulder location provides a nice 2:1 reward to risk ratio