GT247.com Trading Blog | Technical Takes

S&P 500 and Wall Street 30 Technical Notes (Updated)

19 December 2017 /

Young Barry Dumas takes a look at the S&P 500 and Wall Street 30 technicals this festive season where a rally in both indices can be ...

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Gold - Technical Note

19 December 2017 /

The price of Gold (XAU) has broken through key support and is on the rise. I am looking to buy (long) Gold (XAU) at $ 1264/ ounce for the ...

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Brent Crude [ICE] Trade Note

12 December 2017 /

Brent Crude Oil (ICE) trade note The price in oil is on the rise after the OPEC meeting and Brent Crude Oil (ICE) has presented me with an ...

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S&P 500 and Wall Street 30 Technical Notes (Updated)

12 December 2017 /

Young Barry Dumas takes a look at the S&P 500 and Wall Street 30 technicals this festive season where a rally in both indices can be ...

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MTN - Technical Note

23 November 2017 /

MTN Group Limited (MTN) As you know MTN has been on my watch list for a while now and has finally given me a signal to trade as it has ...

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Trading JSE listed Clicks - Technical Take

31 October 2017 /

Clicks has had a fantastic run recently reaching new highs. The share reached 16400 and is now showing signs of a reversal heading toward ...

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Goldfields New - Technical Take

31 October 2017 /

The rand gold price had a nice run last week and it seems to be maintaining that level. GFI reacted positively to that, since then we saw a ...

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EUR/USD and USD/ZAR – New breakdown

27 October 2017 /

EUR/USD – New breakdown Recommendation: HOLD SHORT/ADD TO SHORTS Current Trend: Short-term down. Med-term sideways. Long-term sideways to ...

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Merafe Resources Limited second take profit!

27 October 2017 /

Taking profit - MRF The second target price has been reached on Merafe Resources Limited and for those traders that stayed in the ...

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Sasol - Technical Take Update 27 October 2017

27 October 2017 /

Sasol Trade Update: It gives me great pleasure to put this note out on Sasol Limited (SOL) as my previous trade did not go as planned and ...

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Compagnie Financiere Richemont SA (CFR) - Technical Take 27 October 2017

27 October 2017 /

Taking profits - CFR The trade on Compagnie Financiere Richemont SA (CFR) had its fair share of surprises from moving higher from the ...

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Sasol - Technical Take 26 October 2017

26 October 2017 /

Sasol Technical Take: Sasol Limited (SOL) has yet again closed above the 40000c level and yes, I am definitely going to take the ...

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Reinet Chart Daily JSE CFD Equity Trade Idea.png

Reinet [JSE:REI] - Go Long

25 October 2017 /

Long on Reinet 25/10/2017 Reinet is testing the topside of the triangle that i have indicated on the chart. It is currently trading above ...

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MTN - One for the watchlist

25 October 2017 /

MTN Technical Take: This is one for the watch list, MTN Group Limited (MTN) has been running in a sideways channel on the weekly time frame ...

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USD/CAD - Short Term Breakout

24 October 2017 /

USD/CAD Currency Pair Recommendation: BUY Current Trend: Short-term up. Med-term sideways. Strategy: Buy at current levels or better.

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GBP/AUD - Technical Take

19 October 2017 /

A beautiful head and shoulders on the GBP/AUD 4 hour chart has formed and closed below the neckline!

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USD/JPY - Traders Buy

19 October 2017 /

USD/JPY - Higher Target Recommendation: TRADERS BUY Current Trend: Short and med-term up. Strategy: Buy at current levels for a short-term ...

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Anglo American Platinum Technical Take

17 October 2017 /

Go Long Anglo American Platinum: Based on the technical information on the chart above, the share price has broken above the resistance ...

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Spar Trade - Taking Profits

17 October 2017 /

17 October 2017 Taking profits - Target price 1 reached on Spar [JSE:SPP] My Spar group Limited (SPP) trade that I put out on the 22nd of ...

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EUR/USD - Forex Technical Take

16 October 2017 /

Technical Take: If we take a look at the daily chart of the EUR/USD cross we can see a head and shoulders pattern forming. As the dollar ...

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S&P500 - there's no stopping it?

12 October 2017 /

S&P500 Index Trade Note Recommendation: LOOK TO SELL SHORT Current Trend: Up on all main timeframes, but overbought. Strategy: Sell short a ...

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Long Woolworths - Technical Take #2

11 October 2017 /

Fall down 7 times, get up 8. That’s what we are going to do once Woolworths closes above 6200. Especially after the last unsuccessful ...

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EUR/USD - Short-term buy / Sell Short after rally

9 October 2017 /

EUR/USD Trade Note Recommendation: SHORT-TERM BUY/SELL SHORT AFTER RALLY Current Trend: Short-term down. Med-term sideways. Long-term ...

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S&P500 - Look to sell short

5 October 2017 /

S&P500 Index Trade Note Recommendation: LOOK TO SELL SHORT Current Trend: Up on all main timeframes, but overbought. Strategy: Sell short a ...

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[JSE:MRF] Merafe hits first target

3 October 2017 /

Taking profits – Merafe Resources Limited (MRF) – Update My first target price for Merafe Resources Limited has been reached and I am more ...

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Short sell Truworths [JSE:TRU]

3 October 2017 /

Short Truworths 03/10/2017 TWEET THIS TRADE Truworths [JSE:TRU] closed below a key support level today, and given that this is below both ...

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EUR Curncy (Euro Spot) @MARTIN_X 2017-09-29 13-40-17 (002).jpg

EUR/USD trade note - Updated

29 September 2017 /

The EUR/USD trade has just missed the take profit by 5 points, Harry Hindsight suggests that I should have started to take some profits ...

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GBP/JPY - Buy more on pullback or on breakout

29 September 2017 /

GBP/JPY Trade Note Recommendation: BUY ON MORE PULLBACK, OR ON A BREAKOUT Current Trend: Short- and med-term up. Strategy: Go long either ...

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Gold - Look to buy then sell short higher up

28 September 2017 /

Gold Trade Note TWEET THIS TRADE Recommendation: LOOK TO BUY/THEN SELL SHORT HIGHER UP Current Trend: Short-term down, but oversold. ...

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Long Woolworths - Technical Take

28 September 2017 /

Woolworths has found support at 5900 after the retail sector took a knock this year. The rand is weakening and therefore an opportunity to ...

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[JSE:CFR] - Richemont Technical Take

28 September 2017 /

Technical Take: TWEET THIS TRADE Currently Compagnie Financiere Richemont SA (CFR) is looking great for a buy at current levels for the ...

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PSG Technical Take

26 September 2017 /

Go Long PSG The share price for PSG has broken out of a channel but has been struggling to close above 24400c. Now we are waiting for the ...

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Glencore Technical Take

26 September 2017 /

Go Short Glencore The Glencore share price has broken out of the upward channel and is showing a potential to come off further from its ...

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EUR/USD trade note - Potential Short

26 September 2017 /

Source: Bloomberg EUR/USD Potential short trade is setting up The Euro has come under added pressure this week after ECB Draghi caught the ...

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Double Trade - Aspen & Discovery

26 September 2017 /

Trade speacialist Odwa Magwentshu get started with a double trade idea for this Tuesday...

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Update on Brent Crude Oil (ICE) – What a way to start the week!

26 September 2017 /

Update on Brent Crude Oil (ICE) What a way to start the week! - 26 September 2017 And there we go! What a way to start the week! Brent ...

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[JSE:SLM] - Sanlam Technical Take

26 September 2017 /

Technical Take: Sanlam Limited (SLM) has been in the watch list since the acquisition of 30% stake in EasyEquities. The Sanlam share price ...

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Barloworld [JSE:BAW] trade note - Hits take profit

21 September 2017 /

Source: Bloomberg UPDATE on Barloworld (BAW) 21/09/2017 - Hits Take Profit. Bang! Take profit reached on Barloworld, paying out a modest ...

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Update on Brent Crude Oil (ICE) – Moving stops into profit.

21 September 2017 /

Here is an update on my Brent Crude Oil (ICE) trade I put on our blog on the 6th of September. The current price is so close to hitting my ...

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JSE ALL SHARE INDEX – Breakout (or Breakdown) coming

21 September 2017 /

Breakout (or Breakdown) coming. Recommendation: ENTER IN BREAKOUT DIRECTION Current Trend: Short-term sideways to up. Med and ...

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Sasol Limited (SOL) - Update

20 September 2017 /

I was given a rude awakening on Wednesday morning when I saw a premarket news announcement come out of Sasol. I knew off the bat that this ...

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GBP/JPY - Go Long

19 September 2017 /

GBP/JPY Trade Note TWEET THIS TRADE Recommendation: BUY Current Trend: Short- and med-term up. Long-term sideways. Strategy: Buy some at ...

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Double Trade - Mondi & Tiger Brands

19 September 2017 /

TRADE #1 Go Long Mondi Ltd

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Short Amplat - Technical Take

18 September 2017 /

Anglo American Platinum has been trading in an upward channel since June this year. Due to the recent fall of the platinum price, the share ...

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Barloworld [JSE:BAW] - Technical Take

18 September 2017 /

Source: Bloomberg Price action for JSE:BAW is looking constructive, the price broke through resistance at R123.50. We are now presented ...

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EUR/USD - Go Long

15 September 2017 /

EUR/USD Trade Note Recommendation: BUY Current Trend: Short- and med-term up. Long-term sideways to up. Strategy: Buy at current levels. ...

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[JSE:SOL] - Sasol Limited Technical Take

15 September 2017 /

Technical Take: Since I have placed my trading note out on Brent Crude Oil last week I have been looking at Sasol Limited (SOL) and I was ...

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USD/CHF Long Position - Taken Profit

14 September 2017 /

WE HAVE TAKEN PROFIT

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S&P500 - Prepare for short signal

14 September 2017 /

S&P500 Index Trade Note Recommendation: PREPARE FOR SHORT SIGNAL Current Trend: Up on all main timeframes, but overbought. Strategy: Sell ...

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The Calm After the Storm

14 September 2017 /

Long Nymex & Short Brent - Technical Take

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Go Long USD/CHF

14 September 2017 /

LONG USD/CHF Ahead of the Swiss Interest Rate decision later on this morning, the Swiss Franc is looking set for more weakness. Aggressive ...

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[Natural Gas] -Commodity Technical Take

14 September 2017 /

Technical Take: I have been watching natural gas for a while now and it seems to be on the point of breaking out of the $ 3.07/ mmBTU ...

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Gold (XAU) - Trade Update 13 September 2017

13 September 2017 /

Update on Gold (XAU) 12/09/2017 - Chart Above Gold has been moving lower since reaching my first target price of $1352/ ounce and started ...

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[JSE:MRP] - Mr Price Limited - Trade Idea

13 September 2017 /

Technical Take: Mr Price Group Limited is one of my favourite shares to trade, even though I do not like the retail space this is a ...

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Could this be Sterling's Waterloo?

12 September 2017 /

GBP/USD Technical Take

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How Bond yields affect bank share prices.

11 September 2017 /

As a follow up to last week’s banking stocks trading ideas. I would like to show how bond yields affect local banking stocks.

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GT247.com Trading Desk Insights 11 September 2017

11 September 2017 /

Insights into the performance of our traders published technical takes over the past few weeks - updated 11th September 2017 Check out ...

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Gold (XAU) - Hits first take profit

8 September 2017 /

IN THE MONEY - UPDATE ON GOLD (XAU) 08/09/2017 Gold is in the money and my first target price of $ 1352/ ounce has been reached. This is a ...

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[JSE:MRF] Trade Idea - Merafe Resources Limited - English

8 September 2017 /

Source - Bloomberg Read Afrikaans version HERE Merafe Resources Limited (MRF) I saw this triangle formation on Merafe Resources Limited ...

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[JSE:MRF] Handel Idee - Merafe Resources Limited - Opgedateer

8 September 2017 /

Opgedateer 03/10/2017 Winste geneem – Merafe Resources Limited (MRF) My eerste teiken prys op Merafe Resources Limited (MRF) is bereik en ...

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S&P500 - Sell Short After Next Rally

7 September 2017 /

S&P500 Index Trade Note Recommendation: SELL SHORT AFTER NEXT RALLY Current Trend: Short-term sideways. Med-term sideways to up. Strategy: ...

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Go Long on EUR/USD

7 September 2017 /

Go Long EUR/USD A great trade before today’s ECB press conference above is what I think is going to come out. If you are brave, this would ...

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WTI trade setup on inventories release today

7 September 2017 /

TECHNICAL TAKE - NYMEX LIGHT CRUDE (WTI) INVENTORY RESULTS TRADE SETUP I will be looking at NYMEX LIGHT CRUDE (WTI) today and specifically ...

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Mr Magwentshu's 5 Trade Ideas

7 September 2017 /

Short the Nikkei Trade summary: Stop loss 19830

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ALSI - Quick Trade Update

7 September 2017 /

Target 1 Reached And there we go, first target reached on the Alsi Sep 17 future for a nice profit of 420 points. The price started to ...

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Brent Crude Oil [ICE] - Long Technical Trade Take

6 September 2017 /

(Daily Timeframe Chart) Brent Crude Oil I am currently looking to buy (long) Brent Crude Oil (ICE) at $53.81 seeing as it has been breaking ...

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SAPPI [JSE:SAP] - Technical Take

6 September 2017 /

SAPPI [JSE:SAP] Technical We have been watching this stock for a while and finally it is getting close to the level that we were waiting ...

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ALSI - Quick Trade

6 September 2017 /

Quick trade on the ALSI SEP 17 Future I am looking to short the ALSI September Future at current level as it has broken through the support ...

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Rand Platinum Price - Buy Newplat

6 September 2017 /

Rand Platinum Price Recommendation: Buy Newplat [NEWPLT - on the GT Trading Platform] Long-Term Trend: Sideways NewWave Exchange Traded ...

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[JSE:HAR] Harmony Gold Mining - Take Profit

5 September 2017 /

Update 05/09/2017 PROFITS - TARGET 1 REACHED ON HARMONY GOLD MINING COMPANY LIMITED There we go Harmony, reaching target 1 and well on its ...

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EUR/USD - Look to sell short

1 September 2017 /

Look to sell short EUR/USD Recommendation: LOOK TO SELL SHORT Current Trend: Short-term sideways to up. Med-term up. Long-term sideways to ...

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S&P500 - Buy (with caution) / Sell Short higher up

31 August 2017 /

S&P500 Index Trade Note Recommendation: BUY (WITH CAUTION)/SELL SHORT HIGHER UP Current Trend: Short-term down. Med-term sideways. ...

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[JSE:HAR] Technical take - Harmony Gold Mining Company

30 August 2017 /

Source: Bloomberg Technical take - Harmony Gold Mining Company Limited (HAR) I will be looking to buy (long) Harmony Gold Mining Company ...

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EUR/USD Short Technical Take (Hourly Chart)

30 August 2017 /

Express short trade EUR/USD on an hour chart I am looking at a short on EUR/USD as soon as it closes below the 1.1960 level. For the hour ...

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Technical take - Sibanye Gold Limited (SGL)

30 August 2017 /

Source: Bloomberg Technical take - Sibanye Gold Limited (SGL) Today I will be looking to place a long trade (buy) on Sibanye Gold Limited ...

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Gold (XAU) - Technical Take (29 Aug)

29 August 2017 /

Source: Bloomberg Technical take on Gold (XAU) Due to international political uncertainty, we have seen Gold break through the $1300/ ounce ...

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EUR/JPY Take Profit

28 August 2017 /

Express trade EUR/JPY Take Profit Take profit on the trade dated 24th August 2017 which can be seen here. Trade summary: Long ...

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GT247.com Trading Desk Insights 25 August 2017

25 August 2017 /

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Woolworths [JSE:WHL] - Technical Take Update

25 August 2017 /

Update on Woolies Trade After a good start, WOOLWORTHS HOLDINGS (WHL) nearly reached first target but sharply retraced back to the neckline ...

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Bid Corporation [JSE:BID] - Post Results Technical Take

25 August 2017 /

Update Post Results Release: I was amazed when I saw the market reaction when I looked at the chart after Bid Corporation (BID) released ...

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GBP/JPY Express Technical Take (Hourly Chart)

25 August 2017 /

Update on GBP/JPY Trade 30/08/2017- TAKE PROFIT 25/08/2017 Express trade GBP/JPY on an hour chart I have just seen an inverse head and ...

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$Gold - Awaiting a breakout

24 August 2017 /

$Gold Trade Note Recommendation: BUY ONLY IF BREAKS OUT Current Trend: Short-term up. Med and long-term sideways. Strategy: Buy a close ...

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EUR/JPY Express Technical Take (Hourly Chart)

24 August 2017 /

Express trade EUR/JPY on an hour chart I saw the EUR/JPY break above the resistance line once today at 1pm, however I am looking for a ...

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FTSE100 Express Technical Take (Hourly Chart)

24 August 2017 /

Express trade on an hour chart I am having a look at the FTSE 100 index and I notice that on the hourly chart, you will note that the price ...

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Richemont [JSE:CFR] - Technical Take Updated

24 August 2017 /

24/08/2017 Updated Trade Note Source: Bloomberg Rand weakness has pushed the price out of the initial trading channel, and is now above ...

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Bid Corporation [JSE:BID] - Technical Take

23 August 2017 /

Two possible scenarios after release of results 24th August 2017: On 24th of August Bid Corporation Limited (BID) will be releasing their ...

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AUD/USD - Buy Aussie dollar on pullbacks

22 August 2017 /

AUD/USD Trade Note Recommendation: Buy Aussie dollar on pullbacks. Current Trend: Short-term sideways. Med-term up. Long-term sideways. ...

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USD/JPY + USD/CAD Technical Trade Note

22 August 2017 /

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Pick n Trade - Spar vs Pick n Pay Trade Idea

22 August 2017 /

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GT247.com Trading Desk Insights 18 August 2017

18 August 2017 /

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Standard Bank [JSE:SBK] - Technical Take (Updated 18/08/2017)

18 August 2017 /

25/08/2017 Standard Bank [JSE:SBK] - Technical Take – update – Stopped out. The roller-coaster which is Standard bank (SBK) is finally ...

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Telkom SA SOC [JSE:TKG] - Technical Take (Updated 18/8/2017)

18 August 2017 /

18/08/2017 Telkom finally broke the much-anticipated resistance level of 6691c on Wednesday 16 August and closed above this level, the ...

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S&P500 - Sell short the reversal back down / or buy a breakout

17 August 2017 /

S&P500 Index Trade Note Recommendation: SELL SHORT A REVERSAL BACK DOWN /OR BUY A BREAKOUT Current Trend: Short-term sideways. Med- and ...

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Anglo American H&S - Trade Note

17 August 2017 /

Sell recommendation on Anglo American [JSE:AGL]

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GBP/USD Technical Take - Support from "cable"

16 August 2017 /

GBP/USD - Support from "Cable" I am looking to go long on the trade as it is on a trend line and on a support line. On the hour chart, you ...

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Standard Bank [JSE:SBK] - Technical Take (Barry)

16 August 2017 /

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EUR/USD - Technical Take by Colin Abrams

15 August 2017 /

EUR/USD Currency Pair By Technical Analyst Colin Abrams Release Date: 15 August 2017

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Telkom SA SOC [JSE:TKG] - Technical Take

14 August 2017 /

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Richemont [JSE:CFR] - Technical Take

14 August 2017 /

chart source: Bloomberg

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S&P500 - More Downside - Technical Take

11 August 2017 /

S&P500 - More downside ahead By Technical Analyst Colin Abrams Recommendation: SELL SHORT A SLIGHT BOUNCE Current Trend: Short-term ...

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GOLD ($) – Pullback mode - Technical Take

7 August 2017 /

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Technical Take - Impala Platinum (IMP) & Woolworths (WHL)

7 August 2017 /

Technical Take: Impala Platinum (IMP) & Woolworths Holdings (WHL)

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