Page 40 | Ideas and Forecasts on Stocks — South Africa — TradingView

ABSA scenario price movement Yellow line scenario 1 Price is looking to move higher neglecting the tested price whuch are close and cleared Blue line Scenario 2 The price would look theretest the cleared levels before heading up to its highest price

by SMR_Analytics

$JSENTC - Netcare: 1130 Gives Way, Bear Not Over; What Now?See link below for previous analysis. Netcare recently broke below 1130 invalidating the outlook I had that a bottom was in at that level. There's a minor adjustment in the wave count with wave 4 of (C) a flat pattern and wave 5, starting from 1738cps, looks to be taking the shape of an ending diagonal. As to how much lower wave 5 can go is anyone's guess but I will be bearish until i see signs of a reversal.

by Loyiso_BlaqueSoros_Mpeta

$JSEHLM - Hulamin: The Consolidation Continues See link below for previous analysis. Little has changed with Hulamin since the last analysis, 6 months ago. If anything, price is consolidating further in a Contracting Triangle; a contracting triangle is a neutral pattern and as price consolidates towards the apex, the breakout tends to be more violent. I remain neutral until we get a clear breakout.

by Loyiso_BlaqueSoros_Mpeta

$JSEOCE - Oceana: Testing Double Bottom Neckline Resistance See link below for previous analysis. Oceana traded bullishly as previously forecasted. The stock has found resistance at the Double Bottom Neckline zone between 7450 to 7990 cps. Price has consolidated at this range which indicates that the bulls do not want to give the initiative. A clear break beyond 8000cps, preferably on high volume, will validate the Double Bottom and could take the stock towards 11800cps. This is more of a buy and hold stock so I will remain bullish as long as price is

by Loyiso_BlaqueSoros_Mpeta

CPR Copper 360 Might do a 180 ?Its early days but CPR Copper 360 might do a 180 ? Here's an except from JSX SENS :- DRILLING RESULTS CONFIRM HIGH GRADE COPPER INTERSECTIONS AT RIETBERG COPPER MINE AND INITIAL SAMPLING LEADS TO DISCOVERY OF NEW HIGH GRADE COPPER DEPOSIT ON SURFACE. All the world will need more copper for the Green Revolution with EV's and Solar, and South Africa especially to assist with our Energy shortages. Will observe but CPR is starting to show some possible strength. Regards Graham.

Our opinion on the current state of ANGLO(AGL)Anglo American (AGL) is well-regarded for its strategic approach to mitigating the typical risks associated with commodity stocks. The company achieves this through two primary means: a diversified portfolio and a robust balance sheet. **Diversity of Minerals:** Anglo American's portfolio includes a variety of minerals, which spreads the risk and lessens the impact of any single mineral's price fluctuations. This diversification is crucial in stabilizing earnings as different commodities may ex

Our opinion on the current state of BHP(BHG)BHP is a global commodities company based in Melbourne, Australia, with a workforce of 62,000 employees predominantly in the Americas and Australia. It is engaged in the extraction and processing of minerals, oil, and gas. BHP's extensive operations include ownership stakes in some of the world's leading mineral resources. BHP owns a significant 57.5% of the Escondida mine in Chile, one of the largest copper producers globally, which also yields gold and silver. It has a 33.75% stake in Antamin

Our opinion on the current state of CORONAT(CML)Coronation Fund Managers (CML) is a prominent asset management firm in South Africa, notable for being the only one of its kind listed on the Johannesburg Stock Exchange (JSE). Established in 1993, the company experienced significant growth until 2015, at which point the founding CEO resigned and Adrian Pillay took the helm. Despite Pillay's qualifications, his tenure has seen challenging times for Coronation, particularly due to investment missteps. The firm faced substantial losses from inves

Our opinion on the current state of KUMBA-IO(KIO)Kumba Iron Ore (KIO), a subsidiary mainly controlled by Anglo American with a 79% stake, is one of the top iron mining operations, renowned for its substantial success in the industry. The company’s share price experienced significant volatility, dropping to R223 in March 2020 due to the COVID-19 pandemic, but it managed a strong recovery to R668 before facing another decline after the March 2022 quarterly results. Kumba's business model heavily relies on exports, which constitute 94% of its to

Our opinion on the current state of MC-GROUP(MCG)MultiChoice Group (MCG) is a prominent player in the African entertainment industry and stands out as one of the world's fastest-growing pay-TV broadcast providers. With a subscriber base of 21.1 million across 50 countries, the company's operations are split between South Africa, where it holds 42% of its subscribers, and the rest of Africa, accounting for the remaining 58%. Originally spun out of Naspers, MultiChoice was listed on the Johannesburg Stock Exchange (JSE) on 27th February 2019. T

Our opinion on the current state of CLICKS(CLS)Clicks Group describes itself as a retail-led healthcare group, comprising its flagship brand Clicks, as well as GNC and The Body Shop. It operates 782 stores, 585 of which include pharmacies, making it the largest pharmacy chain in Southern Africa. Despite the increasing trend of retail outlets incorporating pharmacies, Clicks' main competitor remains the listed company, Dischem. A previous challenge for the group was its association with the fifty-nine Musica stores, which have now been closed

$JSEWHL - Woolworths: Double Top Neckline Breached!See link below for previous analysis. Price has breached the 5824 neckline. Now, there are two ways to interpret this pattern: 1- the tradition way; in this case this is a Double Top and the price target is 3600cps. 2- the Elliot Wave way; this is a flat and price can resume the uptrend. The only certainty is uncertainty; this is the why it is key to think in probabilities. I will sit on my hands and allow price to guide me.

by Loyiso_BlaqueSoros_Mpeta

$JSESOL - Sasol: 13226 Gives Way, What Now?See link below for previous analysis. Sasol did not take long to confirm that the down move was not complete. The bounce from 13226 to 17380 is for wave (iv); the current sell-off is for wave (v) of . The earliest indication that wave (v) is done will be a break above 17380. It's a bit late to be bearish and at this mature stage of the trend, I am more interested in buying opportunities.

by Loyiso_BlaqueSoros_Mpeta

Our opinion on the current state of OANDO(OAO)Oando PLC (OAO) is an oil and gas company with significant operations in Nigeria and listings on both the Johannesburg Stock Exchange (JSE) and the Nigerian Stock Exchange. The company's shares present a high-risk investment profile for several reasons that are intrinsic to its operational context and the nature of its industry. **1. Commodity Price Volatility:** As an oil and gas company, Oando's financial performance is heavily dependent on the fluctuating international prices of oil. This ex

Our opinion on the current state of GTCSA(GTC)GTC, or Globe Trade Centre, is a significant player in the real estate market of Central and Eastern Europe, managing a substantial portfolio of properties across several key cities including Warsaw, Bucharest, Budapest, Belgrade, Sofia, and Zagreb. The company's operations encompass forty-seven office buildings and six retail properties, combining for a gross lettable area (GLA) of approximately 829,000 square meters. With assets valued around 2.35 billion euros, GTC plays a crucial role in the

Our opinion on the current state of COPPER360(CPR)Copper 360 is a company primarily focused on two aspects: processing historical mined copper rock dumps and mining surface and shallow copper resources. This dual focus not only targets copper production but also aims at environmental cleanup, which is increasingly significant in today’s mining industry. The company has leveraged an extensive database acquired from major mining entities like Newmont and Gold Fields, who previously operated in the district. This strategic move has provided Coppe

Capitec Vuvuzela with bullish bias & strong fundaments to R2,485 Capitec has been in this Broadening Pattern (Vuvuzela) formation since November 2023. It breaks into higher highs and lower lows. But the overall momentum and trend channel is up. It will continue trading in this range until we get a breakout of the resistance or support. My bet is it will first trade to the top of the range at R2,485.92. Capitec has always been the outlier compared to the other banks with very little correlation. WHen it does well, it runs up regadless what the bigger bank

Our opinion on the current state of SASOL(SOL)Sasol, a prominent international chemicals and energy company based in South Africa, has its origins in the oil-from-coal technology developed during the apartheid era. The company is significantly influenced by fluctuations in the oil market, with about 50% of its profits directly linked to oil prices. Sasol's major growth initiatives include its 50% stake in the ethane cracker plant in Louisiana, USA, known as the "Lake Charles Chemical Project" (LCCP), and its expanding gas operations in Moza

Our opinion on the current state of OANDO(OAO)Oando (OAO) is a Nigerian oil and gas company that operates both within Nigeria and internationally, with listings on the Johannesburg Stock Exchange (JSE) and the Nigerian Stock Exchange. The company’s shares embody high risk for several reasons, primary among them being its exposure to the volatile oil market and the political instability in Nigeria. Historically, Oando has faced significant challenges, including regulatory scrutiny and allegations of financial misconduct. In April 2018, trad

Our opinion on the current state of KUMBA-IO(KIO)Kumba Iron Ore (KIO) is a leading iron ore mining operation, primarily owned (79%) and controlled by Anglo American. The company's performance has been significantly influenced by global market dynamics and local operational challenges. The share price experienced a dramatic drop to R223 in March 2020 due to the COVID-19 pandemic but managed a robust recovery to R668 before experiencing a decline following the March 2022 quarterly results. A critical aspect of Kumba's business model is its heav

Our opinion on the current state of CAPITEC(CPI)Capitec Bank (CPI) stands as a formidable presence in the South African banking sector, having significantly disrupted the market since its inception by PSG. Known for its customer-centric model, Capitec has successfully attracted a vast client base, primarily serving the previously unbanked segments of the population. This approach has enabled it to become the country's largest bank by customer numbers, boasting 21.1 million clients. Capitec's strategy of offering accessible and affordable ban

Our opinion on the current state of AMPLATS(AMS)Anglo American Platinum (Amplats or AMS) stands as the second-largest platinum producer globally, under the majority ownership (77.62%) of Anglo American. In recent years, Amplats has strategically shifted from deep-level mining to more economical and mechanized methods, significantly reducing its operational footprint from 18 mines to 7. This transition has notably cut overhead costs and the workforce by 50%, enhancing operational efficiency and profitability. Amplats' flagship Mogalakwena ope

KST: bouncing from its 200-day A price action above 1480 supports a bullish trend direction. Further bullish confirmation for a break above 1530. The target price is set at 1570. The stop-loss price is set at 1450. Seems like the 200-day is acting as some major support. Remains a risky trade.

by Peet_Serfontein

MKR: bounce from bearish trend?A price action above 6700 supports a bullish trend direction. Further bullish confirmation for a break above 7200. The target price is set at 8000. The stop-loss price is set at 5900. Remains every risky trade.

by Peet_Serfontein