Timonrosso

Timonrosso

16,956 target reached easily. This was based off the W Formation and the price breaking above the neckline. Then we had the run up which surpassed the first target of 16,956 - Text book. Now the price is heading to the next target at 18,800. This is purely based off a momentum trending strategy. The bull run is not over until it's over... So trade...

Timonrosso

Symmetrical Triangle was a a text book trade. The previous trend was up. Price broke above the apex 3/4s in and the momentum continued up. We had further indicators of confirmation for upside to come. Price>20 Price>200 Target 1 R206.03 So what now? Well we can expect somewhat a consolidation, and a potential Cup and Handle to form. Then we have the next target...

Timonrosso

We’ve all had this moment. Where we stare at our screens, scratching our heads, wondering a bunch of stuff. Why is this so slow? Why can’t I press the button Where am I going wrong? We’ve chased trends, hesitated when we should have acted, and let our emotions play puppeteer with our portfolios. Today is the turning point. For you! It’s time to say… “I’m...

Timonrosso

Looking at the daily chart, the rate at which Bitcoin has shot up is at an inclination of something around 60-70 degrees. This could be bubble territory for downside to come. But NOT a crash. There are two scenarios here. 1. Bitcoin rallies to $105,000 in 2024 If a rounding bottom is established with the price rallying above the neckline, the anticipation...

Timonrosso

The W Formation target reached at R12.60. We then had a skew Cup and Handle, which the price has broken above its brim level today. It's another High Probability position as the Price>20 Price>200 Next target will be at R14.40. WIll update you on anything if it changes.

Timonrosso

Well this analysis took forever. The price broke above the Broadening Reverse Symmetrical Triangle (If there is such a thing) in June 2023. If you held on this long to exit and bank a profit, you would be lucky if you even made some money considering the daily interest charges on CFDs... However as a share and equity investor, this position would have been...

Timonrosso

Bell Equipment reached our first target R20.54 in November 2023. It then had a mark-up phase before consolidating into a W Formation. Once the price broke above, we knew demand and buying was still on the cards. technically we have price above both 20MA and 200MA. So the next target for Bell Equipment is set to R28.68. ABOUT THE COMPANY Bell Equipment...

Timonrosso

This is from the last update. We saw an Inv Head and Shoulders from AUg 2023 to December 2023. The price then broke above the Brim and the entire market went through an uptrend trajectory. Higher lows each time, one fakeout, then a continued bullish momentum nuation. Price remains above the 200MA and 20MA which signals upwards to come. The target remains...

Timonrosso

These Penny type stocks are very difficult to analyse technically. There is little volume, high volatility and almost no liquidity. You can see this by jumping candlesticks between ranges (bids and offers). So we can deduct a few things but with less certainty than with Blue Chips. 1. Downtrend broken 2. Price ready to break above 200MA - Bullish trend 3....

Timonrosso

If you remember from November when I first sent this article, we pinpointed that there was an evuidential Wycoff Method and phases taking place with Bitcoin... We based this on the starting for the phases in 2020 up until 2024 where it has ALMOST reached our first target for 2024 at $71,350/. Now just because we have a target, does NOT mean we will go short or...

Timonrosso

SInce the Nasdaq reached our take profit, our hands have been sat on! It's tricky for a breakout trader to trade the trends. We never know how long to hold on for (with daily interests that eat up our portfolios). So, I can only assume the uptrend will prevail until it reaches a target of 18,800. This is most likely where the US 30 will reach its target at...

Timonrosso

This is a bit out of my expertise. THe price broke above the pattern and reached the first target. Since then it's bneen a trenders market. Simply buying, holding and raising stop losses above in case the trend changes. They have their systems and strategies, and I'm just waiting for a Breakout pattern to form. However, the price is above both 20MA and...

Timonrosso

Rectangle formation has completed with Merafe. There has been a strong bullish sense with the stock, where the price action has shot above the pattern and is showing upside and demand to come. We are seeing other signs as well with optimism. Price>20 Price>200 Target 1 will be at R1.72

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Since the price broke above the brim level for PPC, it's since formed a DIamond FOrmation. There are TWO scenarios we can see: A bullish Diamond broadening formation. It resembles a diamond with high volatility and jumpiness between the price range. We wait for the diamond to form and then wait for the breakout to the upside. A bearish Diamond broadening...

Timonrosso

Two formations occured with TCP. The first one was a W Formation which broke above the neckline and headed to the target 1 of R6.88. The second, was yet another W Formation which the price broke above the neckline. And it was considered in the HIgh Probability trading range as the price was above both 20MA and 200MA for the first time in a long time. SInce...

Timonrosso

To trade well is nothing more than a calculated dance on the trading floor. You need to navigate the volatile seas of markets and understand the essential elements of a trade. And whether you’re a newbie or the MOST experienced trader out there, you need to adopt the same quintessential factors with your trading. And that is, the elements that make a...

Timonrosso

This has been a long winded analysis. We sent out this one on 22 Dec 2023, which gave a Conservative entry from the Dimaond Breakdown. And now the momentum is picking up to the downside. We also have an Reverse Inv Cup and Handle which is rare but also effective. The Nature is still High probability as the Price is below BOTH 20MA and 200MA. Target...

Timonrosso

Bearish Diamond formation is potentially forming on JSE Top 40. We've seen bearish tendencies for the market with momentum downside. Price<20 and Price<200 - HPT We DO need this price to break below the Diamond before the likelhood is higher for big downside. But knowing indices, they always tend to suprise and the market makes a big rally. ANyway, the...