This will be our last report of 2021.
Merry Xmas and blessings to you and yours, I will see you in 2022.
#No Change in the commentary.
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 a close over $12.95 will give us targets at $13.48 & $14.14!
I am keen to get long on a pullback if the pullback ever comes.
I expect a re-testing of the highs.
We are long at 42% and will look to buy scale down to 39.5% as this chart is now highly oversold and a kick to 43% is easily on the cards!
After kicking off extremely oversold levels and making a new MT low, the chart is remians at oversold levels and another leg lower to 42% will get me long. – lets see how this plays out.
#No change in the commentary
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.
#No change in commentary.
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 seem to have this wrong and although we are long, this chart is now grossly oversold on a weekly basis and we need to dig deep and buy more scale down with a stop under $0.52 as the rally is coming, even if its only a kick!
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! – the correction was obviously not done.
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!!!! – hope we don’t go broke before retiring.
#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!