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I have completed a CMT in technical analysis and am a memeber of the Market Techncians Association.
http://www.mta.org/eweb/StartPage.aspx
The purpose of the CMT designation is to professionalize the field of Technical Analysis, To promote high ethical and professional standards and To guide candidates in mastering a professional body of knowledge
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Write a Squawk to JSE-TRADER
  • Squawk / 27 May 2014 at 5:41 GMT
    -
    South Africa
    ASSORE - ASR:xjse Oversold reversal formation on support area BUY

    ASR has had a large sell off over the past few weeks and the longer term trend is in a large sideways consolidation. The price has reached a support level and is showing an oversold condition with Buy signal on the daily oscillators. The RSI has had a failure swing at the lower volatility band and this suggests that a short term rally can be expected. BUY for a move to R 385-390.00. A stop would need to be placed on a close below R 355.00
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  • Squawk / 16 May 2014 at 5:47 GMT
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    South Africa
    AFRICAN RAINBOW MINERALS - ARM:xjse Break through secondary trend line SELL.

    ARI has broken key support on a secondary trend-line which suggest the price has further downside to follow. The price has pulled back to the trend-line break and has shown a reversal at this resistance level yesterday . The daily oscillator is overbought and the RSI is showing a failure swing at the upper volatility band. SELL for a move down to R 178.00. A Stop would need to be placed on a close above R 207.00
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  • Squawk / 14 May 2014 at 6:14 GMT
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    South Africa
    ANGLO AMERICAN :- AGL:xjse Flat Correction Wave B Complete SELL

    AGL appears to be moving into the C wave down of a Flat ABC correction, which is characteristic of a 3 part A, 3 Part B and 5 Part C wave to complete the pattern. The price reversed strongly yesterday, has given a sell signal in overbought territory and is showing divergence on the oscillators. Sell for a move to R 270.00. Ultimate target should be 245.00 to complete the flat, but it can be traded down to this level. I don't expect the price to just drop so try to get in higher than yesterdays close on a bit of a bounce up this AM. A stop would need to be placed on a close above R 295.00
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  • Squawk / 09 May 2014 at 7:36 GMT
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    South Africa
    TRUWORTHS - TRU:xjse Reversal at Bear Trend line SELL

    Truworths is in a bear trend as confirmed by the secondary lower lows and highs since December 2013. The price has rallied up to this trend-line and yesterday showed a reversal day candle at this resistance level. Its is overbought and has sown a sell signal on the daily oscillators as well as a piercing of the upper volatility band. SELL for a move down to R 78.00. A stop would need to be placed on a close above R90.00
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  • Squawk / 09 May 2014 at 6:25 GMT
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    South Africa
    NASPERS - NPN:xjse Head and Shoulders Top Reversal. SELL

    NPN has formed a Head and shoulders top pattern, the price has broken through the neckline but as an added filter I would say the Top pattern is confirmed on a close 3% below the neckline i.e. at 998.00. The price appears to be consolidating around the neckline and should continue the move down in time. Look to get in on a short close to the neckline - which is at R 1030.00. Ultimate target for the pattern will be R 720.00, but it will take time to get to this level. It can be traded down to this point. A stop needs to be placed on a close back above R 1033.00. Take profit initially down to R 940.00
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  • Squawk / 30 April 2014 at 6:19 GMT
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    South Africa
    ANGLOGOLD - ANG:xjse Possible H&S top SELL for a move to Necline

    ANG is making a potential Head and Shoulders top. The price will need to break the neckline to confirm this and if this is the case it will suggest a lower target to come. Yesterday's reversal day candle at resistance, with an overbought condition and reversal of the RSI at the upper volatility bad suggests a pull back to follow SELL for a move to R177.00, if this "neckline£ is broken a second short can be taken for an ultimate target of R 147.00. A stop will need to be placed on a close above R 196.00
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  • Squawk / 30 April 2014 at 6:10 GMT
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    South Africa
    MR PRICE - MPC :xjse Reversal - overbought on daily and weekly chart SELL

    MPC is trading in a wide swings from secondary high to secondary low making it possible to trade both directions with sizeable moves. This most recent rally looks to have run out of steam. The price made a reversal day candle yesterday at resistance from the most recent high and is showing an overbought condition on both daily and weekly charts. The RSI has reversed at the upper volatility band and this suggests a weakening and possible pull-back to support. SELL for a move to R145.00, short term there is support from the secondary trend line at R 153.00 - this will need to be broken first. A stop will need to be placed on a close above R 162.50
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  • Squawk / 30 April 2014 at 5:51 GMT
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    South Africa
    CORONATION - CML:xjse Reversal at resistance from prior high SELL

    Coronation as previously mentioned is in s solid up-trend. The price has however shown a reversal day candle at the prior high. The daily oscillator shows a sell signal in overbought territory and the RSI is showing divergence, which suggests that short term the price may pull back to the support of the last secondary low. SELL for a move back to R 95.00 A stop will need to be placed on a close above R104.00
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  • Squawk / 17 April 2014 at 6:01 GMT
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    South Africa
    CORONATION : - CML:xjse Reversal off support in solid up trending stock.

    CML has shown a reversal off the secondary trend line as seen on the chart. The share has been trending solidly up since 2009 with very minor fluctuations to the downside. This could potential mean that a larger correction is in order but for now the stock is showing an oversold condition with a failure swing at the lower volatility band. BUY for a move to R 99.00. A stop would need to be placed on a close below R 94.00
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