KoosKanmar

KoosKanmar

Possible flag break target would be 42280-40600. Stick to stop losses.

KoosKanmar

Discovery broke a multi month channel and recently tested the breakout level and held. This one could potentially go down to test the recent lows again - 5400. A break back into the channel will trigger a stop loss.

KoosKanmar

Neckline break at 18200 could lead to downward target of 16100. Wait for the neckline break.

KoosKanmar

US printing press working overtime. The should have a weakening effect on the USD in coming months. Gold seems to be the risk off asset of choice. Looking at the recent high as a possible target.

KoosKanmar

We rally even in bear markets. Maybe time for a cautious long position. Not calling a bottom here, just a rally. Stick to stop losses. Target 6% away from current levels. Stay safe in markets and out there.

KoosKanmar

Truworths getting close to the lows of the financial crisis 2008-2009. No position.

KoosKanmar

Implats giving it's 202% share appreciation since May 2019 all back. 68% drop in a short period of time.

KoosKanmar

Trend line dating back to 2003 to be tested soon

KoosKanmar

Might find some support, but I think it's inevitable that it will be tested and retested. I cannot see this long term bullish trend line will last very long.

KoosKanmar

37500 34600 33000 Sometimes we forget how bad the fin crisis actually was. We reached a low of 18000 in that period.

KoosKanmar

Now to see if that support holds.

KoosKanmar

Massive break of support, and open air below. We need to break back into 41k levels soon or even more weakness will follow.

KoosKanmar

This needs to drop another 3.5% before the long term bullish trend line is reached. A lot of hot air being let out very quickly in US markets at the moment. Tax cuts, QE, rate cuts. At some point in time the chickens need to come home to roost. US markets can only function in isolation for so long.

KoosKanmar

ALSI visited this 46 000 level in 2014 and 2016. The question now is whether we'll find some support on that level. 500 pts to go.

KoosKanmar

One share that could possibly benefit from COVID-19. Inverted head and shoulders break with a neckline test. 2200 could become a target. Stick to stop losses in this market.

KoosKanmar

Trading on a long term support line. Could we find support in this volatile market and bounce off support ?

KoosKanmar

Not claiming I saw this coming, just that on a chart it makes sense now (after the fact). I'm adding for a bounce.

KoosKanmar

Targets if we don't break back into this channel soon are: 16.78 & 17.33