Page 30 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of MC-GROUP(MCG)MultiChoice (MCG) is a leading entertainment company in Africa and one of the fastest-growing pay-TV broadcast providers in the world with 21.1 million subscribers in 50 countries. The company's 90-day subscriber base is split 42% (8.9 million) in South Africa and 58% (12.2 million) in the rest of Africa. The share was spun out of Naspers and separately listed on the JSE on 27th February 2019. This company is probably close to an ideal company for the private investor because its income is most

Netcare breaks out of year downtrend and ready to rally toR14.73 Rev Cup and Handle formed on Netcare, we then had a MAJOR swoosh up in one day. This broke not only above the 20MA and 200MA but also above the January downtrend. So the movement is looking very positive for the healthcare stock. Target R14.73

MOTUS breaking out of a 18 month DOwntrend As of this week, Motus is finally breaking up and out of the 17 month downtrend. It's also forming either a Triple bottom of Inverse Head and Shoulders. Once the price breaks above the neckline, we could see a strong move up. Price>20MA Price>200MA Bullish bias with a target of R144.77

ADCORP needs weekly to see the bigger picture drop to R1.50 Adcorp is showing supply overpowering demand. The daily chart is very illiquid and it's difficult to make an analysis with such candles. So we pumped it up to weekly. There is both an M Formation and Rectangle formation in the process. The price needs to break down to ultra confirm the downside to come. THe target remains at R1.50. So let's observe and report.

City Lodge showing strong upside from the breakout to R5.35 W Formation formed on City Lodge, broke above the neckline and is showing strong upside to come. The price has broken above both 20 and 200MA. First bullish target R5.35

IMP low probability for IMP but still more likely to break down M Formation turning into Triple Top with IMP. I am hesitant making this analysis as the JSE is showing strong upside to come along with international markets. But the charts are still saying the price is likely to test demand to the upside and if it's weak this thing can drop big time down to R38.00. We definitely need to wait for the breakout and a strong down candle. But that's what the analysis says. Price<20 Price>200 Need to wait for breakout Target R38.07

Johannesburg Stock Exchange Reasons for execution 1)PWL & PML LIQUIDATED 2)+BOS external 3)0.382 Fibonacci 4)Monthly+ OB 5)1.618 Fib Expansion

by roberto_us30

Expecting a recovery in JSE.Expecting a recovery in the JSE because since the beginning of last years financial year prices have been steadily declining but also exporting mining companies in the JSE have been exporting minerals at a premium which could be good for earnings numbers. The JSE is consists of a majority of mining companies. The retail sector could also positively impact the JSE.

by KhoraCapital

Our opinion on the current state of NOVUS(NVS)Novus (NVS) is South Africa's largest printing company with 11 printing plants. Until recently, it had the monopoly contract to do all of Media24's printing. With effect from 1st April 2018, that contract was reduced to roughly 58% of Media24's printing and the price paid by Media24 for printing was also reduced. The company appointed a new CEO, Neil Birch, who has decided in the short term to abandon the company's acquisitions and focus on consolidating the business and improving its operating

Our opinion on the current state of AYO AYO is a black-owned technology company that was spun out of AEEI and in which AEEI still holds 49.4%. There were suspicious circumstances with a massive R4.3bn investment by the Public Investment Corporation (PIC), which has been the subject of a court action by the PIC and finally settled on 31st March 2023, with AYO paying the PIC R619m. In effect, the PIC pensioners appear to have been fleeced out of billions of rands. Ayo shares listed at R43, fell to as low as 105c, but are now at around

Recovery in financial stocks Price completed a reversal at the lowest price of the year (at 11.777 per share this year), with the low being established for year the debts collected from the past year with high interest rates could future push prices higher and the stability in the economy after the noise surrounding the country and it political uncertainty. With a Elliot Wave completion at the low of the year , a retest at the lower high could signal new trend and continuation into the upside after the earnings release next

by KhoraCapital

Short based on earnings South Africa's biggest micro lender could be hurt by the dollar and global uncertainty around the world since the banks make profit from people paying back loans and putting in deposits, people deposit less when everything in the economy becomes expensive because savings lags when compared to current state of the value of money and the purchasing power people have. This year financial stocks could also be hurt by the uncertainty that comes with elections also the policies that the new or current

by KhoraCapital

Quilter Seeking a Weekly/Yearly Low Quilter is moving into a long weekly cycle, currently in week 42. Price is also seeking a yearly low, the last was the COVID low and we are well below that level. Ideally we want price to go below the previous weekly low (R16.61), this gives a good runway to the upside. The dashed pink line is where we will have confirmation of a weekly low by closing above this line on a weekly basis. The dashed green line is we will get a confirmation of a yearly low by closing above this line on a yearly char

Goldfields (GFI): Attractive Pullback for Long Entry Gold Fields has confirmed a weekly swing low, now needs to move above the green line to confirm trend change on a weekly time frame. R180-190 level will be strong resistance and a swing high on the daily time frame around this price is good for taking some profits.

AMS Seeking Long-term Low Angloplat chart shows that price is in long-term decline and we are getting close the COVID low price. Price action has respected the Pitchfork and we see an area where there will be expected to be strong support, the intersection of the Pitchfork support and the horizontal support line. Before we get there we might find a turning point where the lowest price of the COVID low closed. The blue trendline is the line defining the weekly low, this we know when price close above this line and the 1

$JSEMKR - Montauk Renewables: Bearish Engulfing Candle Is Gloomy See link below for previous analysis. Montauk is trading as forecasted. The bounce from 6120 to 10900 is for wave 4 but can still push higher. The bearish engulfing candle paints a gloomy picture though and could be the signal that the bear trend is resuming for wave 5. I maintain my bearish stance even if price does push higher above 10900.

by Loyiso_BlaqueSoros_Mpeta

$JSESBK - Standard Bank: Trendline Works, At Least Sometimes See link below for previous analysis. Standard Bank stock has a very strong and reliable support trendline. The stock caught a strong bid on good volume again at the trendline. Momentum has not been the story here, just steady grinding upwards towards the all time high of 23100. I maintain a bullish stance as long as this trendline keeps supporting the stock.

by Loyiso_BlaqueSoros_Mpeta

$JSEAMS - Anglo Platinum: 58007 Invalidated, Now What?See link below for previous analysis. Anglo Platinum bulls could not sustain their bid above 58007 cps and the stock recently broke below this key level thereby invalidating the view that five wave down from 178433 cps are done. At this stage, i will give the market time to give more data before updating the wave count. Until then, I sit on my hands on Anglo Platinum.

by Loyiso_BlaqueSoros_Mpeta

$JSEPIK - Pick n Pay: Is There Life In This Stock?See link below for previous analysis. Could a bear market that began in August 2016 be finally over? There is not enough technical evidence yet but the rally from 1662, preceded by MACD convergence, could provide a bigger relief rally or it could just be a dead cat bounce. I am still looking at the large Elliott Wave structure as a triple- zigzag (WXYXZ). I am sitting on my hands on this one but I will monitor price above 1662 cps.

by Loyiso_BlaqueSoros_Mpeta

$JSENTC - Netcare: Speculative Buy Idea See link below for previous analysis and bigger Elliott Wave structure. Is a bottom in at 1101 cps? Time will tell. Netcare stock has broken above the 12/26/50 EMA and this turnaround was preceded by strong MACD convergence. There is nothing much in terms of volume or any change in fundamentals so this is a purely speculative buy based on MACD and EMA indicators. A tight stop-loss should be used below 1101 cps.

by Loyiso_BlaqueSoros_Mpeta

Mustek`s Cup & Handle pattern in play.After tumbling from its all time highs of R18.05 in April 2023, JSE's Mustek Limited went on a steep downtrend and reached lows around R8.00 beginning of April 2024. The instrument has since formed a Cup & Handle pattern from this R8.00 zone on the 'Daily' line chart, giving bullish reversal sentiments up to at least R10.44 and a +13.4% run chance from current levels. An aggresive long position can be initiated at current market order, otherwise conservatively around R8.98 to target TP1 at R10.

by The_Chartroom

Quality never fails the public Looking at the financials of the Woolworths here in this South Africa the brand is staple to high middle income class groups, year on year the company's EPS has been steadily improving after Covid. Just waiting for price to fall to a suitable price before the earnings reports are out in September. Looking at price, I am also waiting for clear Elliot Wave count to complete (near the R5100 - R4900 per share) and clear price candle confirmation.

by KhoraCapital

Our opinion on the current state of MC-GROUP(MCG)MultiChoice (MCG) is a leading entertainment company in Africa and one of the fastest-growing pay-TV broadcast providers in the world with 21.1 million subscribers in 50 countries. The company's 90-day subscriber base is split 42% (8.9 million) in South Africa and 58% (12.2 million) in the rest of Africa. The share was spun out of Naspers and separately listed on the JSE on 27th February 2019. This company is probably close to an ideal company for the private investor because its income is most

Our opinion on the current state of MOTUS(MTH)Motus (MTH) was unbundled from Imperial (IPL) and separately listed on the JSE on 22nd November 2018. It is a company that owns motor dealerships in South Africa, the UK, and Australia. The company has four divisions: import and distribution, retail and rental, motor-related and financial services, and aftermarket parts. It imports and sells more than 80,000 vehicles per annum and runs 356 dealerships and 134 rental outlets for Tempest and Europcar. It offers vehicle finance and fleet management