SUI: completing the pattern?A price action below 3500 supports a bearish trend direction. Bearish confirmation for a break below 3480. The target price is set at 3200. The stop-loss price is set at 3830. Is will appear if the price action might complete the rounding pattern. Shortby Peet_Serfontein0
Sun International - Near bottom of the rangeSUI is trading in a clear upward channel and currently the price is trading near the bottom of the range or area of support. One can look to go long any price below 39.00 with minor resistance at around 43 - 43.20 initially. Stop loss is a close below 36.70Longby Trad3r_161
UPDATE: Will be get our long awaited breakout yet?Sun International has been a roller coaster of a ride. Been swinging between R38.00 and R42,50. Well, lately we've seen higher lows, and the price keeps touching the top. It's like hitting thin ice. Eventually it'll break up and out. So, let's see what it does. UPDATE: Over the past year, the most notable insider purchase was made by CEO & Executive Director Anthony Leeming, who bought shares valued at R2.2 million, priced around R36.42 each. While insider purchases are generally a positive sign, it's important to note that this significant buy was made at a price considerably lower than the current price of R41.70. This lower purchase price suggests that it may not provide much insight into whether insiders currently see the stock as a good value. During the last year, insiders at Sun International have been buying shares but haven't sold any. The insider transactions for the past year, including purchases by both companies and individuals, are illustrated in the provided chart. For detailed information on the transactions, including specifics on who sold shares, the sale amounts, and the timing, you're encouraged to check the chart directly.Longby Timonrosso2
Sun International ready to fly to R47.31Similar to the previous analysis with City Lodge I just did, Hospitality, Hotels and entertainment sectors are showing strong upside to come. Whether it's because of the strong earnings, pause of interest rates, more foreign investments with the weakening dollar - Who knows. But the charts, are showing upside to come. We have the Cup and Handle formation, a small one, but solid nevertherless. The price has broken above the brim level, but it's not convincing enough yet. We need one more stronger push to really get this going. Other upside indicators show . 7>21>200 RSI>50 My first target will be at R47.31Longby Timonrosso1
Our opinion on the current state of SUISun International (SUI) is a casino and hotel operator with interests in South Africa, Chile, Peru and recently, Argentina. The depressed economy in South Africa impacted on the performance of South African casinos and hotels even before COVID-19. The company increased its stake in Sun Dreams in Peru by 10% to 65%. It also bought a hotel and casino in Argentina for $25,5m. The company invested R4bn in the Time Square casino near Pretoria which was beginning to perform before COVID-19. The group also owns well-known South African casino/hotel operations like Sun City, Carnival City and Grand West. The share has fallen from a high of R142 in February 2015 to current levels around R18.24. At this level its debt was close to double its market capitalisation. The company plans to sell its Nigerian interests and has received a number of offers. It has not paid any dividend in the past two years and only expects to resume dividends in a further two years or so. The company retrenched 2195 staff and its debt fell sharply. In its results for the six months to 30th June 2023 the company reported income up 11,7% and adjusted headline earnings per share (HEPS) up 10,1%. The company said, "Gaming income, which makes up 78.0% of group income, showed continued sustained growth with income up 6.6%. Despite the difficult economic climate and increased competition, casino income proved resilient and increased by 3.2%. Sun Slots’ operations were impacted by load shedding with income slightly behind the prior comparative period. SunBet generated record income during the review period, up 138.4% on the first half of 2022". Technically, the share has been in an upward trend since its low point in March 2020. It should continue to recover.by PDSnetSA2
Sun International - Buy ZoneSUI has pulled back nicely into what looks like a strong buy zone (32-34) Price is supported by both horizontal and TL support lines. A move above 34.50 would add conviction to buy with a stop-loss on a close below 30. by Trad3r_161
Sun setting down for Sun Int - Inv C&HInverse Cup and Handle has formed for this stock since 17 March 2023. The price breakdown took place on 23 June 2023. Momentum is showing downside to come with the next support to R28.00 Price<200 21>7 RSI <50 lower highs Target R27.38 ABOUT THE COMPANY Sun International is a South African-based company primarily involved in the gaming and hospitality industry. Sun International was established in 1969. The company started as a small hotel chain but grew to become one of South Africa's leading hotel and entertainment groups. The company operates more than 25 hotels, resorts, and casinos in eight countries including South Africa, Nigeria, and Chile. Sun International is known for its Sun City Resort, one of the most famous in South Africa. It's a luxury resort and casino, situated in the North West Province and surrounded by Sun City Resort was once considered the Las Vegas of South Africa due to its high-profile entertainment events, casinos, and luxury accommodations. The company's Boardwalk Casino in Port Elizabeth was the first licensed casino in South Africa's Eastern Cape province. Sun International has hosted various high-profile international events. Shortby Timonrosso2
SUI long idea - Daily chartSUI is testing major support off R36.20. If this level holds, price can move back up to R 42.00 RR: 2:1Longby T2TWELL1
SUI: steep trend might correctA price action below 4190 supports a bearish trend direction. Increase short exposure for a break below 4120. The target price is set at 3970. The stop-loss price is set at 4310. Negate also the bearish stance for a break above this level. Corrected from overbought territory recently. If the angle of the trend is too steep, it means that the price is increasing or decreasing at a rate that is unsustainable in the long term. This is because, eventually, buyers or sellers will exhaust themselves and the price will begin to correct. The trend is at an angle of 71 degrees. A healthy trend is at an angle of 45 degrees.Shortby Peet_Serfontein0
SUIJSE:SUI came out with excellent results last week. Price action is encouraging, however, the general market is weak. A long trade can be taken with caution. Breakouts tend to fail in weak markets.Longby Trend_Trader_JSE0
SUI: change in trend directionA bullish trend is applicable. The ideal long entry is around 3240. Increase exposure for a break above 3520. The target price is set at 3730. The stop-loss price is set at 3170. A bullish MACD crossover occurred, supporting the change in trend direction. Longby Peet_Serfontein0
SUI breaking down from a 60 day boxSUI is breaking down from a 60day box below the R34,00 mark However there is major support at R31.60 that could cause this breakdown box to become a possible fakeout, by T2TWELL2
SUN INTERNATIONAL - Caution to the long sideThe stock has been in a stage of distribution with the main area of resistance level being R36.85 The sell off yesterday was also done on large volume .. A pullback to 200dma is possible here.by Trader-Dan4
SUN INTERNATIONAL Ltd (SUI)"JSE-listed hotel and resort group Sun International is anticipating that its Sun City resort will have one of its best years ever in terms of operating cash flow in the current financial year following the disruption caused by the Covid-19 pandemic." - Moneyweb - 13 Oct 2022 Potential buy/long. Looking for confirmation via candle strong structure. - Bullish ascending triangle formed on 1 Day Chart with higher lows and flat upper trendline. - Price at lower boundary of support line. Target 1 - R33.95 If we find a break above R33.95 and confirmed support Target 2 - R50.51Longby MarketMeistersTradingUpdated 4
SUN INTERNATIONAL - Short IdeaPrice has reached previous target and now we looking for a short on JSESUI for a move back towards the 200dma Ocscillators overbought TP and SL on the chartShortby Trader-Dan221
SUI: more upside potentialA price action above 2920 supports a bullish trend direction. Crossing below this level will negate the bullish stance. Further bullish trend support above 3080. Consolidation range from 2980 to 3120. Crossing above 3120 might support the price action to target 3320. Crossing below 2980 will be the first sign of pending weakness.Longby Peet_Serfontein0
SUN INTERNATIONAL - RepeatTaking a repeat trade on JSESUI after the previous long idea hit target. SL and TP on the chart Longby Trader-Dan4
SUN INTERNATIONAL - LONG IDEASun International has pulled back to a key retrace level in an uptrend Market is having a relief rally SL = Daily close below R26.80 TP1 = R30 Longby Trader-Dan222
SUI improving fundamentalsJSE:SUI interim results show improving fundamentals. The Group revenue grew by 37% and basic EPS up > 100% (94 cents), and the company declared a gross interim dividend of 88 cents. Technically, the stock has been finding support in a rising MA, but kept short of breaking above R32/share. Hopefully these results will help push the price to a new 52 week high, which will be a buy signal.Longby Trend_Trader_JSE3
(To The) Sun International? (To The) Sun International? Above the monthly and quarterly pivot. Looking to break out of pennant?Longby techpers2
SUN INTERNATIONAL - Long Idea- Price is back to an area of support and volume has picked up - Looking for a move up here towards R30 level. - Stop loss Below R25 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-Dan224
SUI: more downside potential?The potential for a repetitive price action remains of interest (see the two black arrowed trendlines). A price action below 2960 supports a bearish trend direction. Crossing above this level will negate the bearish stance. MACD crossover (in overbought territory) confirmed a change in trend direction. Downside price momentum supports the bearish trend. RSI is leaving room for further downside price potential. Shortby Peet_Serfontein0
SUI 4hr good volumes todaySUI forming a bullish flag after breaking out its medium term bear channel. more upside can be expected from this sort of pattern. by T2TWELL2