Trading Ideas

Sasol – Running out of Fuel

Sasol – Running out of Fuel by SchalkLouw on TradingView.com In one fail swoop, Sasol not only dropping 13% in one day, but also broke a very strong support line at R383.50. Main reason was the Lake Charles Project not only seriously going over budget, but also starting to look like the Never-Ending Story. Debt […]

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My Tencent worth…

My Tencent worth… by SchalkLouw on TradingView.com Following most Chinese Internet Companies, #Tencent succumbing to the Trump tax-blow. A breakthrough it’s 6-month support line does not paint a pretty picture for the share price going forward. N   Next support level could be around the lows of March (350HKD), with a break most probably testing […]

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How Low can you Go…Remgro?

How Low can you Go…Remgro? by SchalkLouw on TradingView.com Remgro is getting very interesting. Despite the fact that the share price is getting closer to the bottom support level of a Descending Triangle , the company still seem fundamentally sound and somewhat oversold according to its 14-day RSI . Consensus target price (according to Thomson […]

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Anglo American – Oversold

Long Top5 oversold/overbought according to RSI & Anglo American by SchalkLouw on TradingView.com Spending some time on Anglo American. This remains one of my favourite mining house. Lately, it did however find itself in an extreme overbought environment, which was “corrected” in one big swoop. For the first time since November last year, the share […]

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ANHEUSER-BUSCH INBEV – The Hangover

The Hangover by SchalkLouw on TradingView.com Bad miss from Anheuser-Busch today – Q1 vs estimates * Q1 REVENUE USD 12.59 BILLION VERSUS USD 12.77 BILLION IN REUTERS POLL * Q1 NORMALIZED PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF AB INBEV $2.52 BILLION VERSUS $2.64 BILLION IN REUTERS POLL Technically, the price graph is not looking promising, […]

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Google results

$GOOG – Google results by SchalkLouw on TradingView.com After disappointing earnings results last night, Alphabet Inc ( GOOG ) lost 7.7% of its value and again struggling today (-2%). They say a picture say a thousand words, and this one is no different. With a possible inverse head and shoulders developing, a bounce could possibly […]

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ANHEUSER-BUSCH INBEV – Beginning of more Froth or heading for a Trough?

$JSEANH – Beginning of more Froth or heading for a Trough? by SchalkLouw on TradingView.com So confession time – this will be the one that got away for me in 2019 thus far. What’s not to like about the product? Great recovery coming from $JSEANH since the start of 2019, bring the price at a […]

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Y’ello…look who’s back

Y’ello…look who’s back by SchalkLouw on TradingView.com MTN definitely back on the radar. After a few years of constant bad news, good news lately pushed the share price above its diagonal resistance line, which started in January 2018. Over the shorter term, the 14 day RSI are indicating that $JSEMTN are extremely overbought. Should the […]

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AECI could join mining play with big BANG

$JSEAFE could join mining play with big BANG by SchalkLouw on TradingView.com AECI currently one I’m watching very closely. Share price little bit under pressure lately, which currently look good for an entry point. AECI is a South African-based explosives and chemical specialty company. The company is engaged in offering a range of products and […]

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Short – What “Tech Bubble”?

What “Tech Bubble”? by SchalkLouw on TradingView.com Global Tech companies made a great comeback since giving brave investors the best Christmas (time of Low) 2018 gift ever. ISHARES TRUST GLOBAL TECH ETF now approaching its all time highs the ETF made in August & October last year (2018). Nice little inverse head and shoulders developed, […]

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Remgro definitely one to monitor

$JSEREM definitely one to monitor by SchalkLouw on TradingView.com Remgro will be a share I’ll be monitoring closely over the next few weeks. Nice little recovery that started in October last year, bringing the price now very close to the Apex of the Symmetric Triangle pattern . A break below the support (lower ascending trendline […]

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Coronation…a recovery on steriods currently

$JSECML…a recovery on steriods currently by SchalkLouw on TradingView.com Great recovery coming from Coronation, with another +/- 5% run again today, bringing the YTD performance now to double-figures. After the 20-day moving average broke above the 50-day on the 4th of March, the trend definitely became a bit stronger and now look a lot healthier. […]

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Shoprite looking trolley for trolley, beter everyday

$JSESHP looking trolley for trolley, beter everyday by SchalkLouw on TradingView.com We’ve all seen the latest released SA retail figures and subsequently what it’s done to the local retail company trading updates and financial results. Yes, it’s been bad! But, like my kids always tell their old man: “dad…that’s sooooo last year!!” I recently published […]

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S&P500 – let’s see if it breaks

$SPX – let’s see if it breaks by SchalkLouw on TradingView.com Strong Momentum coming from the S&P500 since beginning of 2019. We’ve however now reached a top, where we could not see a break in Oct18, Nov18 and again on 25Feb19. Should the trend remain positive and we break and close above the 2815 level, we can […]

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BATS and the dreaded Canadian ruling

$JSEBTI and the dreaded Canadian ruling by SchalkLouw on TradingView.com So, the Canadian court ordered British American Tobacco PLC ( LSE:BATS ), Philip Morris International Inc. ( NYSE:PM ) and Japan Tobacco Inc. ( TSE:2914 ) to pay $12.5 billion in damages to Quebec smokers after a 17-year legal battle, in the latest case to shock the global tobacco industry. This could see […]

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#BRICS currencies movement for the Week – 1Mar19

#BRICS currencies movement for the Week – 1Mar19 by SchalkLouw on TradingView.com Not a great end to week for #SouthAfrica – $ZAR. S&P revised Eskom rating from negative to stable, but clearly the market remains worried. #BRICS currency/USD movements for this week: Brazil -0.7%  Russia -0.8%  India +0.1%  China +0.1%  South Africa -1.6%  Euro/USD +0.3% I must […]

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Long Top5 oversold/overbought according to RSI & $JSETON

Long Top5 oversold/overbought according to RSI & $JSETON by SchalkLouw on TradingView.com End of week 1Mar19. Nice little comeback from both Richemont and AECI – personally still like them both. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow: JSE:DLT 12  JSE:TON 21  JSE:OMN 27  JSE:MNK 27  JSE:CSB 30 JSE:CFR 81  JSE:CPI 78  JSE:DTC 78  JSE:AFE 77  JSE:QLT 75 Spending a few minutes on […]

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Two months in and Investec Ltd still top of the pops for 2019

Two months in and $JSEINL still top of the pops for 2019 by SchalkLouw on TradingView.com And that brings Feb19 to an end. Two down, ten to go! JSE:J200 ($JTopi) having a great start to the year – up 6.92% YTD. Top performer is still Investec Ltd, at 15.9% YTD. Question remain – time to take some […]

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$ZARUSD – “John Connor, it is time”

$ZARUSD – “John Connor, it is time” by SchalkLouw on TradingView.com This might just be one of my current favorite trades and you’re getting it as fresh as it comes. This is the first time since 12 January 2018 where we’ve seen a Golden Cross on the USD/ZAR (basically the inverse Rand/US$). Previous time this happened, we’ve […]

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#BRICS currencies movement for the Week – 22Feb19

#BRICS currencies movement for the Week – 22Feb19 by SchalkLouw on TradingView.com Fairly stable week for most BRICS #currencies, thanks to some USD weakness. #SouthAfrica recovering some of last weeks losses. #BRICS currency/USD movements for this week: Brazil -1.3%  Russia +1.4%  India +0.4%  China +0.9%  South Africa +0.5%  Euro/USD +0.4% I must admit that the […]