It's been a while after my blog break. I was focusing on helping to put together a stock market course for people interested in learning how to do this actively. I guess that's why you found this blog... To search and seek out more knowledge about investing!
Well, the Integrated Trading System we have been working on includes global fundamentals and combines them with local stock market sectors and charts them so that technical analysis on a sector and share level is quite unique. We get a very high hit rate on our stock trading using this integrated stock market course approach.
I have also been spending a good deal of time overhauling my other business venture's website: beekeeping equipment supplies! That's right. I supply any beekeeper with the equipment they need to get started and grow their golden opportunity. The site hadn't been updated for a good long time and this month it got tagged.
The beautiful thing about beekeeping is that it can be the ultimate alternative investment opportunity. You see, it's a low cost, low capital setup and the bees do pretty much all the work... It's a sweet deal with all that honey and all. Bees are great.
I reworked all of the keywords and the links within the site and even added a new beginner beekeeping course. If you looking for something alternative for investing beekeeping could be it.
This week th emarket had a great rally. A fantastic turn yesterday on the ALSI 60 min chart gave an entry long at 19600 and after the gap up this morning gave 500 pts for the taking. That's the total weekly quota I set myself in less than 48 hours.
The Anglo American trade also triggered long from 19200 yesterday and closed today at 20800 at resistance there. Anglogold Ashanti gave a sinister short term trade this morning at 31500 to 29500 for a decent day's work.
Our integrated Stock Trading approach warned us that last week's sell of was a pullback buy opportunity and we looked to buy shares like Old mutual, Aspen and Sasol amongst the short list which produced a massive 10% on average across the portfolio in just 2 days! DO you agree that this is profits worthy of short term trading?
After today the Johannesburg stock market has once again resounded it's bullish rage and charged in a red-eyed flurry to break resistance levels confirming what we have been saying for months now: The bear market is over. The bulls are preparing to charge again. Buy on pullbacks unless critical support levels are broken on global fundamental charts!!!
Well, it's really good to be back!
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Tuesday, May 19, 2009
Sunday, April 19, 2009
Stock Market going ahead
Market Outlook
Week starting 20th April
RESI or Resources Index Outlook
A lopsided Evening star candle formation confirmed by red candle presents itself on the chart of the resources sector. We also have a descending triangle as well with a break down level target of 36800. With the short-term trading range has been between 36800 – 41400 which the trader should take note of in order to benefit from support and resistance levels within a 5 – 15 day trading period.
The medium term range has been 43000 – 33400 which is vital to note when looking at a medium term trading period of 2- 3 months.
These ranges can assist you to make decisions either for the medium term or for the short term. The current descending triangle forms part of the short term trade and will test the break down to the downside which could take us to the low range level back to 33400. The level at 36800 needs to be broken before the medium term range low of 33400 can be challenged.
The 89ma is acting as resistance currently. It would need to remain intact. The Stoch indicator is displaying oversold levels but could still move down. Caution should be taken at this point. Confirmation that short term negative momentum is still in play is the reverse negative divergence on the RSI and Stoch 3 indicators.
Based on this I am short in Anglo American at 18750. Implats should've been short as well from 17350 with a possible profit target of 15300 but first 16300 needs to be broken.
FINDI
The resistance at 19500 level is strong. The Financial and Industrial index just bounced off the level and formed an evening star with 18900 as a first support level. The weekly and daily chart suggests short term negative movement with a support level at 18625 and then 18292.
A fair deal of reverse negative (hidden) divergence can be found on the FINDI which suggests negative momentum coming into the sectors over the coming week.
The weekly chart does indicate overbought levels in the short however the medium term indicates continuation of the trend to the upside with the potential for a target level at 21500 est.
SP500 Index Outlook
Sp500 is trading above the 89ma with resistance at 876 level and the support at 89ma which is 843 level. Other levels of support at 824 and 813 respectively. The weekly chart shows that the index is very overbought in the short-term where a 61% retracement would result in a 747 target.
Gold seems to have found support at $867. Keep an eye on Anglo Gold at 26900 support level. If this level breaks down then we could have another down movement in the share. If not however, we could see a return to 28000 and even 30000 which needs to be supported by the move in the dollar price of gold as well as the weakening in the dollar.
ALSI
Evening star plus confirmation. Support broken at 20ema Stoch and RSI showing more negative movement either to 18851 or 18675. Last support is 18630 level.
None of the information in this blog is to be used as financial advice but to be treated as educational in nature. We cannot give advice. It is my hope that you can learn from my experience and knowledge.
If you want more knowledge and practical experience then consider coming on my May Stock Market workshop in Johannesburg. It is for investors already in the market that aim to achieve short term profits as well as improve their medium andlong term investment returns.
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za/
Week starting 20th April
RESI or Resources Index Outlook
A lopsided Evening star candle formation confirmed by red candle presents itself on the chart of the resources sector. We also have a descending triangle as well with a break down level target of 36800. With the short-term trading range has been between 36800 – 41400 which the trader should take note of in order to benefit from support and resistance levels within a 5 – 15 day trading period.
The medium term range has been 43000 – 33400 which is vital to note when looking at a medium term trading period of 2- 3 months.
These ranges can assist you to make decisions either for the medium term or for the short term. The current descending triangle forms part of the short term trade and will test the break down to the downside which could take us to the low range level back to 33400. The level at 36800 needs to be broken before the medium term range low of 33400 can be challenged.
The 89ma is acting as resistance currently. It would need to remain intact. The Stoch indicator is displaying oversold levels but could still move down. Caution should be taken at this point. Confirmation that short term negative momentum is still in play is the reverse negative divergence on the RSI and Stoch 3 indicators.
Based on this I am short in Anglo American at 18750. Implats should've been short as well from 17350 with a possible profit target of 15300 but first 16300 needs to be broken.
FINDI
The resistance at 19500 level is strong. The Financial and Industrial index just bounced off the level and formed an evening star with 18900 as a first support level. The weekly and daily chart suggests short term negative movement with a support level at 18625 and then 18292.
A fair deal of reverse negative (hidden) divergence can be found on the FINDI which suggests negative momentum coming into the sectors over the coming week.
The weekly chart does indicate overbought levels in the short however the medium term indicates continuation of the trend to the upside with the potential for a target level at 21500 est.
SP500 Index Outlook
Sp500 is trading above the 89ma with resistance at 876 level and the support at 89ma which is 843 level. Other levels of support at 824 and 813 respectively. The weekly chart shows that the index is very overbought in the short-term where a 61% retracement would result in a 747 target.
Gold seems to have found support at $867. Keep an eye on Anglo Gold at 26900 support level. If this level breaks down then we could have another down movement in the share. If not however, we could see a return to 28000 and even 30000 which needs to be supported by the move in the dollar price of gold as well as the weakening in the dollar.
ALSI
Evening star plus confirmation. Support broken at 20ema Stoch and RSI showing more negative movement either to 18851 or 18675. Last support is 18630 level.
None of the information in this blog is to be used as financial advice but to be treated as educational in nature. We cannot give advice. It is my hope that you can learn from my experience and knowledge.
If you want more knowledge and practical experience then consider coming on my May Stock Market workshop in Johannesburg. It is for investors already in the market that aim to achieve short term profits as well as improve their medium andlong term investment returns.
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za/
Labels:
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implats,
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resi,
short term trading,
shorting
Friday, March 27, 2009
Implats short and Standard Bank short
What an excellent close to the month and the week. It is my view that the last Friday of the month is profit taking day. The reason? The traders need to pay bills. They need to close their positions generally speaking in order to cover their monthly expenses and start again in the new month. It also gives them the chance to spend some of the hard earned profits... It's tough being a trader you know!
Both the Resources 20 index and the Findi 30 index were way overbought from Wednesday but the market was still riding on the back of a major rally. The question really for next week is whether this rally was a bullish comeback or bearish rally? Some homework needs to be done over the weekend! Look out for my post about this on Monday!
But both the Resi 20 and the Findi 30 were overbought using the stochastic indicator as well as old highs. It was a matter of waiting for the trigger and the turn in the market. Did it turn!! Today the majority of the market has dropped down by around 5% in those sectors or indices.
Personally I was short Implats from 17252 yesterday and held it through to this afternoon for a fantastic profit. I was also going to short Standard bank, ABSA, First rand and Anglo American yesterday however I had a car licence renewal queue to deal with. This took me 3 and a half hours to secure. I find out I also need a roadworthy test as I am transfering the car into a trust.
Then the All Share Top 40 index signalled a short from 13h00 at 19500 which resulted in 500 pts of profit per contract!! The last two days on the stock market have made me a small fortune. I certainly cover my monthly expenses in just 2 days of short term trading.
Learn to use the moving averages and the stochasic with the RSI as your main indicators on the technical side... but it is vital for you to also understand the psychology of the market by using resistance and support lines and comparing global indices with your local ones and then sectors to shares etc.
I will be lecturing at a Derivatives workshop tomorrow. I need to go and prepare for that now. It is all about the theory of how the different instruments work and how you can take advantage of them to gear yourself and your portfolio.
Have a great weekend! For more info on short term trading visit www.newsweek.co.za
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Both the Resources 20 index and the Findi 30 index were way overbought from Wednesday but the market was still riding on the back of a major rally. The question really for next week is whether this rally was a bullish comeback or bearish rally? Some homework needs to be done over the weekend! Look out for my post about this on Monday!
But both the Resi 20 and the Findi 30 were overbought using the stochastic indicator as well as old highs. It was a matter of waiting for the trigger and the turn in the market. Did it turn!! Today the majority of the market has dropped down by around 5% in those sectors or indices.
Personally I was short Implats from 17252 yesterday and held it through to this afternoon for a fantastic profit. I was also going to short Standard bank, ABSA, First rand and Anglo American yesterday however I had a car licence renewal queue to deal with. This took me 3 and a half hours to secure. I find out I also need a roadworthy test as I am transfering the car into a trust.
Then the All Share Top 40 index signalled a short from 13h00 at 19500 which resulted in 500 pts of profit per contract!! The last two days on the stock market have made me a small fortune. I certainly cover my monthly expenses in just 2 days of short term trading.
Learn to use the moving averages and the stochasic with the RSI as your main indicators on the technical side... but it is vital for you to also understand the psychology of the market by using resistance and support lines and comparing global indices with your local ones and then sectors to shares etc.
I will be lecturing at a Derivatives workshop tomorrow. I need to go and prepare for that now. It is all about the theory of how the different instruments work and how you can take advantage of them to gear yourself and your portfolio.
Have a great weekend! For more info on short term trading visit www.newsweek.co.za
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Labels:
alsi trading,
derivatives,
implats,
short term trading,
shorting
Wednesday, March 25, 2009
Another Alsi 40 trade and market run
What a great day on the JSE!!
(I have neglected to post for a week and I owe my apologies. I'm working on a personal mentorship programme for people interested in learning from the very basic investment level to advanced day trading involving futures and ALSI which will take place over three months. Drop me a line if you have some ideas on this!)
The stock market had run so hard over the last 10 days that it was time for it to take a breather. Tuesday and most of today constituted that breather in the short term.
Besides the short trade from this morning which I missed as I was attending to a large beekeeping goods order. I also run a full time beekeeping equipment supply business. While I was getting my weekly prescription of manual labour packing out the order of bee hives, beeswax and queen excluders I was not at my computer.
There was a grand 200 odd pts trading there for the taking this morning in the ALSI 40 short trade. Then the market started to move sideways for a couple of hours.
So, as I worked on my personal investing & trading mentorship programme, I kept a beady eye on the ALSI. I noticed a swing change and challenge of the 89e happened but failed. The moving average worked as support confirmed by the stochastic. Check 1 confirmed!
An hour or so later I look again and there it is! The signal to go long on the ALL Share Top 40! Around 14h30 it gave the signal with the best entry price being around 19300 but waiting for one more confirmation meant watching with baited breath until 19360 with a stop at 19330.
I went long after 15h20 and then added again about 15 min later. This price was around 19410. My target was 19535 which was a resistance level during the live chart yesterday. The SNP500 and Dow Futures were up stronger and our ALSI took off. It wasn't long and my take protif was hit... in fact it was less than 20 min and I was out of the trade.
The trade still went on to 19670 odd after that. This would've added an additional 100 odd pts to my total for the day but I ain't complaining! Besides by adding to the position as it went up I effectively doubled some of the points I did make due to the additional leverage I was using... In essence I got like an extra 80 pts when I added more contracts to the position.
Good trade nonetheless! And the market closed quite well considering its opening...
Financial, Trading Stocks & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
(I have neglected to post for a week and I owe my apologies. I'm working on a personal mentorship programme for people interested in learning from the very basic investment level to advanced day trading involving futures and ALSI which will take place over three months. Drop me a line if you have some ideas on this!)
The stock market had run so hard over the last 10 days that it was time for it to take a breather. Tuesday and most of today constituted that breather in the short term.
Besides the short trade from this morning which I missed as I was attending to a large beekeeping goods order. I also run a full time beekeeping equipment supply business. While I was getting my weekly prescription of manual labour packing out the order of bee hives, beeswax and queen excluders I was not at my computer.
There was a grand 200 odd pts trading there for the taking this morning in the ALSI 40 short trade. Then the market started to move sideways for a couple of hours.
So, as I worked on my personal investing & trading mentorship programme, I kept a beady eye on the ALSI. I noticed a swing change and challenge of the 89e happened but failed. The moving average worked as support confirmed by the stochastic. Check 1 confirmed!
An hour or so later I look again and there it is! The signal to go long on the ALL Share Top 40! Around 14h30 it gave the signal with the best entry price being around 19300 but waiting for one more confirmation meant watching with baited breath until 19360 with a stop at 19330.
I went long after 15h20 and then added again about 15 min later. This price was around 19410. My target was 19535 which was a resistance level during the live chart yesterday. The SNP500 and Dow Futures were up stronger and our ALSI took off. It wasn't long and my take protif was hit... in fact it was less than 20 min and I was out of the trade.
The trade still went on to 19670 odd after that. This would've added an additional 100 odd pts to my total for the day but I ain't complaining! Besides by adding to the position as it went up I effectively doubled some of the points I did make due to the additional leverage I was using... In essence I got like an extra 80 pts when I added more contracts to the position.
Good trade nonetheless! And the market closed quite well considering its opening...
Financial, Trading Stocks & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Labels:
ALSI,
alsi 40,
alsi top 40,
alsi workshop,
investing,
Stock Markets,
trading
Tuesday, March 17, 2009
ALSI 40 and 400 points today!
ALSI 40 with 400 points today! Absolutely fantastic!
The market was look overbought since yesterday. It proved to be a call worth waiting for. The gap on the open of thursday last week was an exhaustive gap meaning that the move was losing momentum.
The 60 min and 15 min chart were saying the same thing from early this morning at 9h45 you should've been short from around 18030 and should still be short. for just over 400 pts right now. The low for the ALSI 40 today was 17490...
The end of day chart shows the 18200 level was the major resistance and that we could expect a number of days to the downside to follow. The trade short could be open until the end of the week even. It would need to be monitored of course.
One should've added to theposition at around 17710 to the short in order to gain from continued downside for the after session. This would have created an additional 200 pts for you on the second position which should be closed now to secure profits.
With the RESI and Findi both taking a hammering it was a matter of time before the ALSi top 40 gave way to the negative movement. Remember the Alsi Top 40 is made up of financials and resources shares in the main. If both take a pounding then you can be sure the ALSI will follow.
The market outlook for the rest of the week is quite negative. The futures close out happens on Thursday which forces all short sellers to buy back their shares. One can roll over to the June contract but this incurs a small amount of costs of 0.25% of the exposed position.
Generally, if you are taking any trades between now and Thursday be sure to ask for the June contract. Also NOTE: there is articificial buying pressure in our market currently due to the closing of short positions.
The same can occur at the end of the month when the Unit Trusts all close their books for quarterly reports. They tend to push the shares up in the last week of the quarter to improve their quarterly performance. Be aware of this too.
We also looked to short Anglogold and Anglo American and Standarad Bank today which have all gone smooth in the negative sentiment on the day!
Do you want to learn how to make money when the share prices are dropping? It's called shorting! Learn how you can make money in bad markets!
Financial & Investment Workshops, ebooks & financial freedom @ http://www.alsiapprentice.co.za
The market was look overbought since yesterday. It proved to be a call worth waiting for. The gap on the open of thursday last week was an exhaustive gap meaning that the move was losing momentum.
The 60 min and 15 min chart were saying the same thing from early this morning at 9h45 you should've been short from around 18030 and should still be short. for just over 400 pts right now. The low for the ALSI 40 today was 17490...
The end of day chart shows the 18200 level was the major resistance and that we could expect a number of days to the downside to follow. The trade short could be open until the end of the week even. It would need to be monitored of course.
One should've added to theposition at around 17710 to the short in order to gain from continued downside for the after session. This would have created an additional 200 pts for you on the second position which should be closed now to secure profits.
With the RESI and Findi both taking a hammering it was a matter of time before the ALSi top 40 gave way to the negative movement. Remember the Alsi Top 40 is made up of financials and resources shares in the main. If both take a pounding then you can be sure the ALSI will follow.
The market outlook for the rest of the week is quite negative. The futures close out happens on Thursday which forces all short sellers to buy back their shares. One can roll over to the June contract but this incurs a small amount of costs of 0.25% of the exposed position.
Generally, if you are taking any trades between now and Thursday be sure to ask for the June contract. Also NOTE: there is articificial buying pressure in our market currently due to the closing of short positions.
The same can occur at the end of the month when the Unit Trusts all close their books for quarterly reports. They tend to push the shares up in the last week of the quarter to improve their quarterly performance. Be aware of this too.
We also looked to short Anglogold and Anglo American and Standarad Bank today which have all gone smooth in the negative sentiment on the day!
Do you want to learn how to make money when the share prices are dropping? It's called shorting! Learn how you can make money in bad markets!
Financial & Investment Workshops, ebooks & financial freedom @ http://www.alsiapprentice.co.za
Monday, March 16, 2009
Trading Alsi 40 index
From the 10th of March trading at around 16520 one was long on the 60 min chart and closed out at 17300 on the 11th laste for a whopping 800 pts in 24 hours trading ALSI 40 index.
Then a falling wedge formation starts to develop and it consolidates for most of the 12th and then breaks the upper trend line of the falling wedge at 16h00 on the 12th to go long again with an ALSI 40 target of 600 points from the 17200. Gives us a top end target on the ALSI 40 index of 17800 odd. We happened to break 18000 and are now battling at this level. Lots of resistance.
Today there were two very neat trades using the 15 min chart. Go long at around 12h00 today from 17900 to 18145 which is excellent. Followed by another trade short on ALSI 40 at 16h15 18870 down to the 50ema 17945 for another good number of points.
For more info on ALSI 40 trading visit the ALSI Top 40 Apprentice...
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Then a falling wedge formation starts to develop and it consolidates for most of the 12th and then breaks the upper trend line of the falling wedge at 16h00 on the 12th to go long again with an ALSI 40 target of 600 points from the 17200. Gives us a top end target on the ALSI 40 index of 17800 odd. We happened to break 18000 and are now battling at this level. Lots of resistance.
Today there were two very neat trades using the 15 min chart. Go long at around 12h00 today from 17900 to 18145 which is excellent. Followed by another trade short on ALSI 40 at 16h15 18870 down to the 50ema 17945 for another good number of points.
For more info on ALSI 40 trading visit the ALSI Top 40 Apprentice...
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Labels:
ALSI,
alsi 40,
alsi index,
alsi top 40,
alsi trading
Thursday, March 12, 2009
ALSI was good yesterday - Mixed today!
Well, the Findi absolutely flew yesterday with many signals triggering a rally to test the 17000 level again. Similarly the General retailers, Resources 20 and Snp500.
The ALSI respected this positive move by surrending just over 200 pts in a wonderful break out trade yesterday from 16992 to 17205 level with about another 150 points to spare as well... It topped out at 17350 in the 1st half session around 13h00.
It did present a short of about 100 pts shortly after that using a 5 min chart with a tight stop loss. Another positive divergence gave an entry long at 17235 to close out 100 pts later at the double top type formation. That was the day's trading...
I however only managed to get the 1st half session trade as I went to the JSE exhibit to meet some people.
Today there was a range of very tight numbers between 17100 and and 17150 for most of the morning. We had a break out at just after 10h00 with FTSE opening. this didn't last long however. It went to 17250 so there were 100 pts in it.
My platform's connection failed when I wanted to enter at 17210. Got in after that and then my stop loss kicked in on the pulled back to 17150 again. the hammer following the support at 17150 was good entry point and just about made my stop loss back.
Now we have a new range: 17150 to 17250. Interestingly 17250 is where we closed yesterday on the doji on 5 min candle chart.
Overall the 60 min chart tells me to expect some downside... The sectors are telling me a different story however yet they are based on end of day analysis. Assessing the ALSI eod it still looks good for the upside.
Effectively, on the end of day swing trade you should be long from 16200 and still holding. A possible target of 17535 is in the offering end of day.
Watch SNp500 with quite a positive candle pattern which has now been confirmed called morning star.
Watch Kumba for a possible rally by the end of the week. Copper also should rally leading the move in Kumba. Stop loss at 13790c which from the morning open is a 200c stop loss. The potential target to the upside is 15150c. It would also be good to see Anglo American and Billiton move up as well.
Right now Kumba is not a buy. But a prospective buy. The double top on Kumba suggests down side to 13200c first before it could rally. the range has been drawn with the top side being 17500c and the low end being 13000c. We are still inside the range but not at either extreme.
The 120 min chart suggests a turn by the end of today an a target of 15600c. The 60 min chart is very close to a buy. With a high risk tolerance one could take a punt on it with a stop loss a 13790c which would be around 350c at the price at the time of writing. Preferably, the entry should've been this morning at 14070c odd, if not lower. The support level is 14005c and for a really tight trade one could enter now with the risk you get taken out during the day due to volitility but then find Kumba closes up for the day.
Grindrod is closed as at yesterday when it reached my upper target above 1300c. Great short term trade!
Off to JSE open day again. Trade well! Not often. Come to our investor's club meeting in April!
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za
The ALSI respected this positive move by surrending just over 200 pts in a wonderful break out trade yesterday from 16992 to 17205 level with about another 150 points to spare as well... It topped out at 17350 in the 1st half session around 13h00.
It did present a short of about 100 pts shortly after that using a 5 min chart with a tight stop loss. Another positive divergence gave an entry long at 17235 to close out 100 pts later at the double top type formation. That was the day's trading...
I however only managed to get the 1st half session trade as I went to the JSE exhibit to meet some people.
Today there was a range of very tight numbers between 17100 and and 17150 for most of the morning. We had a break out at just after 10h00 with FTSE opening. this didn't last long however. It went to 17250 so there were 100 pts in it.
My platform's connection failed when I wanted to enter at 17210. Got in after that and then my stop loss kicked in on the pulled back to 17150 again. the hammer following the support at 17150 was good entry point and just about made my stop loss back.
Now we have a new range: 17150 to 17250. Interestingly 17250 is where we closed yesterday on the doji on 5 min candle chart.
Overall the 60 min chart tells me to expect some downside... The sectors are telling me a different story however yet they are based on end of day analysis. Assessing the ALSI eod it still looks good for the upside.
Effectively, on the end of day swing trade you should be long from 16200 and still holding. A possible target of 17535 is in the offering end of day.
Watch SNp500 with quite a positive candle pattern which has now been confirmed called morning star.
Watch Kumba for a possible rally by the end of the week. Copper also should rally leading the move in Kumba. Stop loss at 13790c which from the morning open is a 200c stop loss. The potential target to the upside is 15150c. It would also be good to see Anglo American and Billiton move up as well.
Right now Kumba is not a buy. But a prospective buy. The double top on Kumba suggests down side to 13200c first before it could rally. the range has been drawn with the top side being 17500c and the low end being 13000c. We are still inside the range but not at either extreme.
The 120 min chart suggests a turn by the end of today an a target of 15600c. The 60 min chart is very close to a buy. With a high risk tolerance one could take a punt on it with a stop loss a 13790c which would be around 350c at the price at the time of writing. Preferably, the entry should've been this morning at 14070c odd, if not lower. The support level is 14005c and for a really tight trade one could enter now with the risk you get taken out during the day due to volitility but then find Kumba closes up for the day.
Grindrod is closed as at yesterday when it reached my upper target above 1300c. Great short term trade!
Off to JSE open day again. Trade well! Not often. Come to our investor's club meeting in April!
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za
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