kangaroo tail in the making

[#1]

Rare that they work, but spectacular when they do. I am in.

[Penny_Pincher]

Doji forming on day 3 of decline, CFD long perhaps?

[#3]

You rate it will break 50 so easy?

[Quakedog]

I reckon further downside coming MACD 100/200 moving average check it.

[#5]

I am not interested in 50. R65 is closer to an interesting target

[#6]

I guess the kangaroo tail is working.

[#7]

50 is still a big support and resistance point so I don't expect it to go too far away yet........ With moves like this I would say it should retest support after hitting the next resistance... it held up perfect on a Fibonacci retracement level bounce and support trendline. It may bounce around there for a few days before moving higher. I think I saw resistance around 5150 yesterday on Fibonacci but yeah it looks like support has been hit, looks very strong with volume as well and looks very positive for a hold for a turn around to your TP in a few months I must confirm :)

[#8]

still need confirmation? For what it is worth - the R50-R55 range has been dominating since March - but this is where technical analysis on its own has a weakness. We currently have new information so hands up out there if you think the existing trading range is still in effect? I am still calling R65

[#9]

Yeah, good call so far and pretty good results actually. STD called it what R69 target for the next year. http://www.moneyweb.co.za/moneyweb-safm-market-update/steinhoff-reports-almost-onethird-rise-in-full... Keep to make a call on ANG now, it is much harder though ;-)