Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Russ

Reply
sponono
Super Contributor
I see a sell divergence on the weekly and monthly chart.
0 Kudos
12 REPLIES 12
Russ
Super Contributor
Looks due for a pullback.Question is how much and is it worth shorting such a strong stock?
0 Kudos
Russ
Super Contributor
Looks due for a pullback.Question is how much and is it worth shorting such a strong stock?
0 Kudos
sponono
Super Contributor
one to watch
0 Kudos
Russ
Super Contributor
If you join the highs since 30 Aug I would say that it has broken above resistance (around 60200) so it might just be coming back to retest that.Unless it closes below that I would be cautious of shorting,although it is overbought on the daily chart.
0 Kudos
sponono
Super Contributor
up 15% on an annual basis versus market 22%: relative strenght index is also not encouraging, definite underperformer, one to watch. I see CFR is headed back to R68 my ambush zone the only worring thing is the TOPI that is now trading below Friday's low might be because of some stocks going ex-div today
0 Kudos
sponono
Super Contributor
I took a probing short, stop loss R610
0 Kudos
Rams
Super Contributor
S&P futures down today...more fiscal cliff, debt ceiling sentiments...
0 Kudos
Preston
Super Contributor
old news, Keeping walking Mr Walker
0 Kudos
Preston
Super Contributor
old news, Keep walking Mr Walker
0 Kudos
Rams
Super Contributor
i see your sell divergence. whats your risk/reward on this
0 Kudos
Rams
Super Contributor
er, can somebody smack the kid?
0 Kudos
sponono
Super Contributor
loss 0.5% potential profit taken at 557(30 day SMA level) (7.5%)
0 Kudos