Page 26 | Ideas and Forecasts on Stocks — South Africa — TradingView

$JSEEQU - Equities Prop Fund: The Big Picture First time coverage. The Equities bear market can be viewed as a flat pattern or a more bearish double top which would have a far lower price target. At this juncture, I will look at it as a completed flat pattern with a low at 1036 which is the invalidation level. The bounce at 1036 could still prove to be a dead cat bounce so I will be neutral until price action becomes more convincing.

by Loyiso_BlaqueSoros_Mpeta

$JSECOH - Curro: The Big Picture First time coverage. Curro took off like a rocket after its IPO peaking in 2015 @ 5802 cps. Fast growth always has sustainability questions and the market has not been kind since. The stock, like many others, found a bottom in March 2020 after the covid outbreak but the bulls have been timid, perhaps highlighting the fundamental picture. From an Elliot Wave perspective, the big bear from 5802 to 462 unfolded as a zig zag which in all likelihood is complete. This could be a value trap; the tec

by Loyiso_BlaqueSoros_Mpeta

$JSEPPH - Pepkor: Still A Slow & Steady Grind See link below for previous analysis. Nothing much has changed in 6 months of trading. The leading diagonal outlook is still valid and the longer-term trend is still bullish though i anticipate a correction after the completion of the fifth wave of the leading diagonal.

by Loyiso_BlaqueSoros_Mpeta

$JSERBX - Raubex: Targeting New All-Time Highs See link below for previous analysis. The stock certainly took its time and for the first time since i started looking at the stock i am bullish. The trend is clearly to the upside and momentum looks very strong with very shallow pullbacks. It's a bit late to jump in here but the stock looks likely to make a new all time high soon.

by Loyiso_BlaqueSoros_Mpeta

Our opinion on the current state of THARISA(THA)Tharisa (THA) is a mining company that mines and beneficiates platinum group metals (PGMs) and chrome. The company is listed in London and on the JSE. The Tharisa mine on the south-west limb of the Bushveld Igneous Complex (BIC) is an open-pit operation with an estimated life of 17 years. The company owns a subsidiary, Arxo Metals, which beneficiates chrome to produce high-grade chrome concentrates. The company is planning to expand into the Great Dyke area of Zimbabwe. In our view, this is one

Our opinion on the current state of PICKNPAY(PIK)Pick 'n Pay (PIK) is a retail grocery chain with over 2000 stores, mostly in South Africa, but also in the rest of Africa. The company was started by Raymond Ackerman in 1967 and became the dominant grocery retailer over time, before being displaced by Shoprite/Checkers. Summers has once again resumed the role of CEO, following his stint at Pick n Pay as CEO between 1999 and 2007. In its results for the 52 weeks to 25th February 2024, the company reported turnover up 5.4% and a headline loss of

REVERSAL Idea - Capitec Bank - first down to R2400 then up 2900 Broadening Pattern has formed with Capitec. When this pattern forms it bounces between ranges. Right now it bounced off the top of the range, and is most likely to come down 50% from the most recent rally. Once it comes down to a target of R2,400 then it could consolidate move sideways and then breakup to the next target at R2,900. This is a little different from breakout trading, but I was asked for an analysis around this.

Absa: The Longer-Term View Absa lost the support that sustained price from the COVID lows, now price is attempting to recover that line. At the same time we are expecting price to seek or confirm a yearly low, usually this happens when we have a failed weekly cycle, this has not happened so far. If price is rejected at re-entry attempt we can expect a swift move down to lower than R150.70. On the other hand we would know the yearly low is confirmed if price closes above the declining resistance on a monthly basis or when

Our opinion on the current state of LEWIS(LEW)Lewis (LEW) is a retailer of furniture and electrical appliances operating through 840 stores under the Lewis (492 stores), Beares (151 stores), Best Home (154 stores), and most recently, United Furniture Outlets (43 stores) brands. Of these, 134 are in neighboring countries. The company does 59.9% of its business on credit and offers customers credit insurance and other financial products. The plan is to increase the number of UFO stores from 39 to 70 over the next few years. At current levels

cup and handle on Karoo well performing stock with even more upside potential

by Zanokuhle_Capital

OLD MUTUAL [JSE) Reasons for execution 1)PML & PWH LIQUIDATION 2)BOS (int) 3)0.236 Fibonacci 4)+OF 5)1.618 & Extra Liquidity

by roberto_us30

OLD MUTUAL [JSE) Reasons for execution 1)PML & PWH LIQUIDATION 2)BOS (int) 3)0.236 Fibonacci 4)+OF 5)1.618 & Extra Liquidity

by roberto_us30

$JSECLS - Clicks: Defensiveness Invalidates Bearish Outlook See link below for previous analysis. Talk about a defensive stock; Clicks did not budge much from the previous bearish analysis. The stock has shown its resilience by making a new all time high. I have not looked at fundamentals or valuations but i have to turn bullish now with a buy the dips strategy.

by Loyiso_BlaqueSoros_Mpeta

$JSEFFB - Fortress: Double Bottom Targets New All Time High First time coverage. The two bottoms at 800 cps and 877 cps have formed a very large Double Bottom reversal pattern. The price target for this pattern is 2500 cps. Price has been trending upwards from 877 and the trend is well supported by mid-sloping trendline. Buy the dips.

by Loyiso_BlaqueSoros_Mpeta

$JSEHYP - HYPROP Inv Ltd: A Close Up View - Still Bullish First time coverage; see link for long-term view. The 2020 bottom has held firm. The rally to 3903 cps unfolded in five wave as a leading diagonal for wav (2). The correction to 2524 cps for wave 92) looks complete; 2524 in the invalidation level for this view and should be the stop-loss level for more aggressive traders. If this wave count is correct, the stock is now in the early stages of what should be a very powerful impulse wave (3) which will also unfold in five waves.

by Loyiso_BlaqueSoros_Mpeta

$JSEHYP - HYPROP Inv. Ltd: The Big Picture Looks Bullish First time coverage The 13 year bull market from 2003 to 2016 unfolded in five waves. The big bear down to 1447 cps can be viewed as a zigzag though the internal wave count is not visible on this timeframe. If the bear is over, 1447 cps should hold and is therefore the key invalidation level.

by Loyiso_BlaqueSoros_Mpeta

$JSESSS - Storage: Triangle Has Breakout In Store First time coverage. Storage has found the going tough since hitting a peak in 2019. The share has traded sideways in a large contracting triangle. Triangles, according to the Elliott Wave principle have five internal waves, labelled (A to E); this triangle looks mature to breakout. It is hard to say in which direction or when the breakout will occur so i am neutral at this juncture.

by Loyiso_BlaqueSoros_Mpeta

Our opinion on the current state of BIDVEST(BVT)Bidvest (BVT) is a highly diversified South African company with dozens of subsidiaries. Its most notable investments include a 66% stake in Bidvest Namibia, which also owns a large property portfolio rented out to various Bidvest companies, and a 56.13% stake in Adcock Ingram. The company's subsidiaries are organized into six divisions: Services, Freight, Automotive, Office, Print & Commercial Products, Financial Services, and Electrical. The directors of each operating company are given consid

Impala Platinum new target now UP to R126.27 M Formation is now turning into a W Formation We never had the break down and now it is looking up, along with the platinum price. So we need to adjust course. Now we are waiting for a breakout above the Neckline of the W Formation then the next target will be around R126.27 Nature: High Probability Price>20 Price>200

UPDATE: Arcelormittal found major support - Still warning These illiquid and low volatile penny stocks need weekly charts to remotely see the biger picture. There are two facts. The price broke below the Inv Cup and Handle with price bring below both 20 and 200 MA. Second, the price has stabilised around an extremely strong and important support level at R1.00. If it breaks R1.00 it's doomed to 20c. I'll try be an optimistic but keeping to my analysis for now.

UPDATE: Motus ready to rally after the breakout to R144.77 W Formation is clearly forming on Motus. The downtrend has broken and price is above the 20 and 200MA. We now need a clear break, close above and open above the neckline. Then we can easily set a target for the company at Target R144.77

PPC target has been extended to R4.60 W Formation formed on PPC. The price broke out of the downtrend since January 2024. and we have further confirmation with price above both 20 and 200MA. The target has therefore been increased to R4.60. With the new building of the malls in South AFrica and the property boom, I don't blame a company like PPC to have invested interest from the shareholders.

UPDATE: Target reached Nampak at R271.81 what's next?Nampak shot up a LOT faster than I ever imagined. And it destroyed the first target at R271.81. Problem is the uptrend is extremely steep which can signal flat panic amongst the buyers. I would now wait for a 50% pull back from the most recent low and high to about R243 and then some consolidation before it runs up again. It's still very bullish but there needs to be some form of equilibrium for the market. Let's see.

#JSEANG AngloGold. Bull flag in progress.Looks like a bulls flag is building on this one. A break could open 55 as a target. One to watch.