I am happy with the general long position but I would look to take some cash off the table over $13.15!
One should use the volatility to play the ranges with a bias to building a decent long sub $12.00! – I hope many of you played ball sub $12.00 as we printed $11.84.
Most should be long at seriously good levels sub $12.00 and feeling very comfortable.
We just need to ride out the next few weeks before the rally continues in earnest!
Nothing has changed on the below view and for those that are long I would look to fade into a rally over $13.10!
I really like what I see currently and close over $12.95 will give us targets at $13.48 & $14.14!
With the below view playing out very nicely, I am keen to get long on a pullback but will give the chart another week to play out.
This chart has had a great pullback to it’s support and with the oscillator coming off oversold levels, I expect a re-testing of the highs.
After kicking off extremely oversold levels and making a new MT low, the chart is back at oversold level and another leg lower to 42% will get me long.
We are patiently awaiting the rally after the chart bottomed sub R7000.
This chart looks great, and I expect a move to over R8000 in the coming weeks!
One should use weakness to price daily! – this has been the staple over the last seven weeks.
I am so over spot market suns and cant wait for it to go off the board.
I would advise having no part in this if you do not already have a position as both longs and shorts could see their wallets emptied.
I remain bullish and all I can say from here is that patience will be the key to unlocking profit.
The chart is approaching oversold levels with nothing having changed on the below view.
I feel the correction is done, (I feel good about this one) and all the pullbacks from here are buying opportunities with upside targets between $0.85 -$0.89!
I almost feel that we don’t have enough cash to get as long as we should, buy at best and scale down, this is budget making stuff with sprinkling of retirement!!!!
#No change in the below commentary
I love the chart, and after confirming a low, all the pullbacks are a chance to BTFD’s!
$400 + here we come!