Sunday, 16 July 2017

MRP

Mr. Price (MRP) has fallen from the channel (E), 22% over 36 days and currently trading downward (D) up to point (C), at the second Pivot Point support level. Has strongly trade back today, 18 May 2017, with increasing volume (B) and a Stochastic price diverges (A). With all these information, we just might start to keep an eye on this stock. Remember these are the triggers and we have to wait for more confirmation on a possible trend change. Price trading back above the trend line (D).

 

Since middle May when we spotted the reversal at point C, the stock has advanced to point F, with a retracement (G) to define the new trend.  The price has rocketed again and heading for point H or higher.
 
 
Trade with caution as the markets are very unstable and uncertain.
@Duplo123 or join us on Skype

BLU


Blue Label’s core business is the virtual distribution of secure electronic tokens of value, predominantly prepaid airtime, starter packs and electricity at present, and transactional services across its global footprint of touch points. more....

On the weekly chart, though the negative trend, the stock has retraced up to the 50% Fibonacci level and we've noticed the volume buildup.  This stock needs to be watched, it might just come out of the blues.


Zooming in on the daily data, momentum (D) is gradually building, while the down trend (A) was gracefully broken, the volume  (C) build-up is prominent and the price has found some support in a narrow range (B).  A break above the box line will suggest new direction.

 
Trade with caution as the markets are very unstable and uncertain.
@Duplo123 or join us on Skype

Monday, 10 July 2017

PIK

Pick-N-Pay is a text book example on trading the trend.
You need to define the Primary trend or channel P1 & P2.  Then the Secondary trends or channels S1 to S4.  Using the divergences D1 to D4 on the Momentum indicator as the early warning and the trend breaks as Entry or Exit points E1 to E4.   

Read more about divergences

Read more on Trends and Cycles

Just a follow up snap shot of a possible direction change?