Like any trading experience though, it was not all sunshine and roses. So, let’s look at what happened last week.

Last week

Macro Catalyst

The primary catalyst driving global markets this week was the release of US PPI and CPI inflation figures. Currently, markets continue to price in the risk of higher interest rates, which has weighed on precious metals; gold pulled back slightly after forming a distinct Head and Shoulders technical pattern but rallied today with the CPI data coming in as expected. This could mean that the party is over for Gold.

Closed Trades (Take Profit)

Sasol Ltd (JSE: SOL)

• Trade Logic: Our strongest performer since launching the weekly recap series. We entered this trade on 26 August as the stock traded near previous swing lows (lowest print of R179.45). Following Wednesday’s sharp rally driven by higher crude oil prices, we elected to lock in gains and secure the profit.
• Status: Bought at R180.00 | Closed at R227.00 (9 Sept). Delivered a +26.1% total return.

Standard Bank Group Ltd (JSE: SBK)

• Trade Logic: Standard Bank was trading within a defined range between R313.00 and R338.00. We initiated a long position near channel support targeting a move toward the upper boundary. Our trailing stop was triggered on the ex-dividend date as the share price adjusted lower; however, the dividend yield offset the capital price movement to secure a positive net trade return.
• Status: Bought at R315.39 | Closed at R309.45 (9 Sept). Dividend of R9.02, so our net proceeds was R3.08 per share.

Harmony Gold Mining Co Ltd (JSE: HAR) — Half Position

• Trade Logic: Carried over from last week. As gold momentum began to stall ahead of key US inflation prints (CPI/PPI), we locked in a partial profit on half the position to manage event risk.
• Status: Bought at R324.00 | Closed at R330.00 (9 Sept). Realized a minor profit (+1.85%).

Active Open Trades

FirstRand Ltd (JSE: FSR)

• Trade Logic: FSR formed a clean bull flag pattern and confirmed a technical breakout, triggering our long entry.
• Status: Active | Bought at R96.00. Position is currently in a slight profit. Despite intra-day volatility following earnings, the technical structure remains intact. Key lesson here is having your take profit on the account, as this jumped to our target, but then dropped down again very quickly. 
• Key Lesson: We were offered at R102.00 on Thursday and honestly we were a bit gready. We could have sold out at R100.00 when price was trading around there, although we held out for more. Sometimes, when you get a large move in a short period, it’s better to just take the money. We’re now looking to sell half the position at R100.00 and half at R102.00.

Growthpoint Properties Ltd (JSE: GRT)

• Trade Logic: The R15.75 level established solid horizontal support. Following consecutive bullish retests over past sessions, we entered long with a favorable risk-reward setup.
• Status: Active | Bought at R16.07. Currently showing a slight loss with a profit target set at R17.50.

Pepkor Holdings Ltd (JSE: PPH)

• Trade Logic: Carried over from last week’s watchlist. Despite recent price pullbacks, declining selling volume suggests downside momentum is exhausting, supporting a potential mean-reversion bounce.
• Status: Active | Bought at R19.72. Currently trading at a slight unrealized loss.
• Key Lesson: We took this trade with only half size as it is not at very liquid stock. That will be helpful if this trade stops out as it will do much to limit out loss.

Exxaro Resources Ltd (JSE: EXX)

• Trade Logic: Exxaro continues its strong upward momentum, benefiting from Rand weakness as a bulk coal exporter. Higher energy demand in Europe ahead of winter, coupled with drought conditions impacting regional supply, provides macro support.
• Status: Active | Bought at R204.00. Currently trading at a profit.
• Key Lesson: We had to chase here a little as we were bid a little too low. Our original bid was missed by literally 1 cent, so we had to increase our bid the next day to R204.00 to get picked up. This skewed our risk-reward a little, although we do still believe we are in the right trade here.

Mr Price Group Ltd (JSE: MRP)

• Trade Logic: Carried over from last week. MRP bounced marginally off recent lows but remains constrained within a broader downward trend. Position is held with tight stop-loss parameters.
• Status: Active | Shorted at R160.51. Slight loss, but close to breakeven. 

Compagnie Financière Richemont SA (JSE: CFR)

• Trade Logic: CFR completed a distinct head-and-shoulders top formation. We initiated a tactical short position expecting further downside expansion.
• Status: Active | Shorted at R3,539.13. Showing a small profit.
• Key Lesson: We entered with half size here as we were chasing a little and are looking to add to this trade if there is a bounce for us to add into. That said, if no bounce comes, we are happy to let our half sized trade move to target.

Mondi Plc (JSE: MNP)

• Trade Logic: Morning call trade recommendation based on a bullish flag-and-pole continuation pattern.
• Status: Active | Bought at R183.00. Currently at an unrealized loss; trade thesis remains active.

Discovery Ltd (JSE: DSY)

• Trade Logic: Initiated last week following a breakout above its downward trendline. The stock has successfully retested the former trendline as support without breaking back down.
• Status: Active | Bought at R264.14. Rallied on Friday after a very bad day on Thursday (retest of break-out), which means we are in a slight profit. 

Reinet Investments S.C.A. (JSE: RNI)

• Trade Logic: Reinet continues to trade at a substantial discount to its underlying net asset value (NAV).
• Status: Active | Bought at R447.00. Price action remains range-bound. We are monitoring position sizing while remaining positioning for Reinet’s historical tendency toward rapid NAV catch-up rallies.

Harmony Gold Mining Co Ltd (JSE: HAR) 

• Trade Logic: With CPI data coming out as expected, gold dipped down significantly and we saw an opportunity to short some mining stocks. 
• Status: Active | Shorted at R328.96. Running at a slight loss due to gold price shooting up. However, we expect this to come down again after the gold price has eased. 

Impala Platinum Holdings Ltd (JSE: IMP)

• Trade Logic: Same idea as with Harmony as we wanted to short platinum stocks as well. 
• Status: Active | Shorted at R237.63. Running at a slight loss due to gold price shooting up. However, we expect this to come down again after the gold price has eased. 

Closed Trades (Stop-loss)

British American Tobacco plc (JSE: BTI)

• Status: Closed at a loss | Bought at R913.15 | Sold at R879.57.
• Details: Despite strong long-term fundamental conviction, price action failed to confirm our thesis. We exited the position to redeploy capital into higher-conviction setups.
• Key Lesson: It bounced a little bit after we closed, but we are glad to be out. This trade was a bit of a thorn in our side for a few weeks, so happy to free up margin for other opportunities.

MTN Group Ltd (JSE: MTN)

• Status: Closed at a loss | Bought at R205.00 | Sold at R195.52.
• Details: Initiated on a double-bottom pattern setup. Downside volatility triggered our stop loss before a minor recovery materialized.
• Key Lesson: This one feels personal… it happens. We put our stop in the middle of the range (double bottom range) as is the rule with trading double bottom formations. The stock dipped just below the range mid-point, triggering out stop and leaving us behind. Our lesson here is not a new one… always put your stop just a little under the key level to give it some space to breathe. Lesson learned. We move on.

Harmony Gold Mining Co Ltd (JSE: HAR) — Remaining Half

• Status: Closed at a minor loss | Bought at R329.99 | Sold at R326.47.
• Details: Given heightened volatility surrounding US inflation data releases (CPI/PPI), we exited the remaining half to eliminate overnight gap risk.

Impala Platinum Holdings Ltd (JSE: IMP)

• Status: Closed at a minor loss | Bought at R246.00 | Sold at R238.56.
• Details: Closed out ahead of major US macro data prints to reduce overall PGM sector risk exposure.

Capitec Bank Holdings Ltd (JSE: CPI)

• Status: Closed at a loss | Bought at R4,654.00 | Stopped out at R4,514.06.
• Details: Entered on a flag-and-pole continuation pattern. An unexpected market reaction to a corporate trading statement prompted a large and quick drop, triggering our stop loss..

Conditional / Setup Watchlist

SPAR Group Ltd (JSE: SPP)

Trade Logic: SPAR has experienced a challenging year, with the share price remaining in a sustained downward trend, making it difficult to pinpoint a clear turnaround level. However, a substantial off-book block trade of 9 million shares was executed on Wednesday, suggesting potential institutional accumulation. While this does not signal an immediate buy trigger, it has piqued our interest, particularly given the strong price action observed yesterday. We are monitoring the stock closely for potential confirmation setups.

Thoughts on the week ahead

The possibility of an interest rate hike in the very near future has become a rather large theme in recent weeks. CPI data came in hot and markets are expecting a 90% chance of a rate hike on Wednesday. At present the relationship between Gold, Bonds and Interest rates is inverted to what it has been historically, meaning that when the market expects or sees higher interest rates, investors are favouring Bonds over Gold. We think that if the very high likelyhood of higher interest rates does in fact materialise, we could see a rather sharp negative reaction from Gold and other precious metals, hence our now short positions on HAR and IMP.

We also note a Head and Shoulders pattern on Gold.

Perhaps the party is over for the Gold and other precious metals stocks. We think this will be the dominant theme next week.

Economic Data

Start your trading journey with us today!

If you would like to trade with us and get our ideas as and when they happen, open your account and get started. Our Daily Morning Call is at 08:30 (Monday – Friday), where our Trading Strategist shares market updates and posts information with the Community.

If you are not trading with us yet, what’s stopping you?

The weekly game plan is back

If you enjoy reading our blog and would like to get email updates each time we post, please subscribe below.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post The Party is over for Gold appeared first on Herenya Capital Advisors.

It has been a challenging week on the trading desk. Markets diverged from standard fundamentals, with weak corporate outlooks paradoxically triggering short-squeeze rallies – most notably in Impala Platinum. To sum it up, the whipsaw rodeo was in town and we got whipsawed good and proper!

While closed positions leaned toward losses this week, our strict risk management rules prevented significant drawdown. By honoring our stop-losses, we kept overall capital losses minor and manageable.

Trading requires continuous adaptation; we refine our execution strategy daily to cut underperformers quickly, protect capital, and focus heavily on scaling our winning setups. Also, weeks like the one just past serve as good reminders to stick to your trading rules, honour your stop-losses and stay focused on the process. The outcome of any given edge is ultimately random, although through consistentcy of approach – or by consistently applying your rules – consitency is of outcome is created.

That said, we did make some mistakes as the whipswar rodeo carried us away… let’s look at the trades we did last week.

Last week

Macro Catalyst

The primary catalyst driving global markets on Friday was the US Non-Farm Payrolls report. Expectations were for an increase of 55k jobs, but the data printed significantly stronger at 162k. This robust figure reinforces the argument for higher-for-longer interest rates (or a potential rate hike), triggering a brief pullback across gold and the broader precious metals complex.

Closed Trades (Take Profit)

Thungela Resources Ltd (JSE: TGA)

• Trade Logic: We have held this trade for several weeks, and it has been one of our strongest performers. To lock in gains, we trailed our stop-loss higher. While this triggered a disciplined profit-take on Tuesday, it secured an excellent return.
• Status: Bought at R113.24 | Closed at R124.65 (1 Sept). Though the stock has continued its upward momentum, enforcing trailing stops remains core to our risk discipline.
• Key lesson: We trailed our stop loss to aggressively here. Prior to closing this we had fallen victim to the whipsaw rodeo, so we were eager to protect our capital and moved our stop too tight. When the volatility of Tuesday came around, we were closed out. We still banked a decent winner, but we could have done better to ride our winners for longer.

Active Open Trades

FirstRand Ltd (JSE: FSR)

• Trade Logic: FSR formed a clean bull flag pattern and confirmed a breakout yesterday, triggering our long entry.
• Status: Active | Bought at R96.00. Slight profit.

Impala Platinum Holdings Ltd (JSE: IMP)

• Trade Logic: IMP reported disappointing earnings yet counter-intuitively rallied. After being stopped out of our short position, we recognized that the market strength signaled a bullish trend reversal, so we flipped our bias and entered a long position.
• Status: Active | Bought at R246.00. Currently facing temporary headwinds following the hot Non-Farm Payrolls print and the subsequent sell-off across precious metals.
• Key lesson: Sometimes you just get trades wrong. Stop-losses are there to save you. It’s ok to change your mind.

Harmony Gold Mining Co Ltd (JSE: HAR)

• Trade Logic: We entered a long position as broad-based buying returned to the mining sector alongside rising spot gold prices. There is bullish divergence between the Stochastic Oscillator and Price, and both the 200 day moving average and support line coincide and held.
• Status: Active | Bought at R329.99 and R324.00 (average price of R 326.99). Facing similar macro headwinds as our IMP position above. On a positive note, gold appears to be stabilizing after the initial decline.
• Key lesson: Here the ‘ol whipsaw rodeo rode us fairly hard as well. We took a bigger loss than we like to take (more details on that trade below) by not sticking to our stop rules. Yes, we all make these same mistakes. It was a good reminder that we need to respect our stop-losses and manage risk before anything else. Nonetheless, we tried to clear the bias and take a new validated technical entry when it presented itself. Our lesson above all is ‘stop-losses save lives’… or the whipsaw rodeo will get ya!

British American Tobacco PLC (JSE: BTI)

• Trade Logic: We have held this position for some time, buying on the thesis that the stock had hit technical support and was overdue for a mean-reversion rebound.
• Status: Active. We entered around R913.00 and are currently sitting at a minor paper loss, but the setup remains intact. We are closely monitoring price action and considering exiting if bullish momentum does not materialise shortly.

Mr Price Group Ltd (JSE: MRP)

• Trade Logic: The retail sector remains under pressure. With MRP breaking down to new local lows, we initiated a short position.
• Status: Active | Shorted at R160.51. The stock has experienced a minor counter-trend bounce, which is expected within a broader downtrend. As long as previous swing highs hold, the bearish setup remains active.

Standard Bank Group Ltd (JSE: SBK)

• Trade Logic: SBK was trading sideways, presenting a low-risk entry near support. We bought the lows targeting a move back toward R337.00.
• Status: Active. Bought at R315.39. Currently showing a modest profit as we wait for further upside momentum.

Sasol Ltd (JSE: SOL)

• Trade Logic: Brent crude has been volatile, but we identified key historical support near R180.00 and executed via a limit order.
• Status: Active. Bought at R180.00. Sasol has had a strong week, though it is currently consolidating just below the psychological R200.00 mark.

MTN Group Ltd (JSE: MTN)

• Trade Logic: MTN printed a double-bottom reversal pattern, opening a pathway toward our structural target near R220.00.
• Status: Active | Bought at R205.00. Experiencing short-term friction today, but position structure remains intact.
• Key lesson: We chased here a little by buying at the open instead of placing a limit order lower down. Our thinking was that it would break higher without looking back, and look back it did. So we’re on the whipsaw rodeo here a little, although we are still within our risk parameters. We just need to admit defeat and take the loss if it turns out that our stop-loss is triggered. Let’s see how this goes.

Reinet Investments S.C.A. (JSE: RNI)

• Trade Logic: Reinet remains significantly undervalued relative to its underlying net asset value (NAV).
• Status: Active. Bought at R 447.00. Price action remains range-bound, but we are holding with our stop-loss set at R 418.51.

Closed Trades (Stop-loss)

Sibanye-Stillwater Ltd (JSE: SSW)

• Status: Closed at a minor loss | Average Entry Price R48.09 | Sold at R47.85.
• Details: Given the broad-based weakness in precious metals, we closed the trade on Monday to mitigate risk ahead of Tuesday’s earnings release. While the market digested the weak earnings and rallied Wednesday, cutting exposure early aligned with our risk parameters.
• Key lesson: It’s a pity to have closed our last positions here at a small loss, specially after we had banked a few good winners on it on the way here. We had taken some body blows and were keen to cut risk before it got out of hand. In retrospect we could have given the trade some more breathing room. Our stop was too tight.

Harmony Gold Mining Co Ltd (JSE: HAR – Tactical Trade)

• Status: Closed at a loss | Average price of R346.16 | Sold at R315.00.
• Details: This was a hard lesson for us as we do not like to take losses these big. We made the rookie mistake of moving our stop loss slightly, thinking we could catch a bounce back. The irony here is that later on, we had what we consider a validated setup and once again too a long position.
• Key lesson: Take the stop-loss early. Do not wait for anything. Once your stop-loss trigers, take it, or it’s the whipsaw rodeo for you (or the gulag, honestly not sure which is worse at this stage)! If we had cut our initial position earlier, we would be in a more comfortable position now. Alas, so we learn. We will do better next time.

Naspers Ltd (JSE: NPN)

• Status: Closed at a loss | Bought at R790.99 | Sold at R769.96.
• Details: NPN continued to trend lower without showing signs of structural reversal and we decided to cut the trade early. Our stop-loss was a R740.00, but once it breached R770.00 on the 1st of September, we decided to exit the trade and focus on higher-conviction setups.

Absa Group Ltd (JSE: ABG)

• Status: Closed at break-even/minor gain | Bought at R226.59 | Sold at R226.70.
• Details: Despite reporting strong financial results, price action stalled into range-bound consolidation, prompting us to exit and preserve capital.
• Key lesson: We cut this trade at break-even as we had taken some pain prior to it and didn’t want to let a winner turn red. In retrospect we should have stuck to our intial stop-loss strategy and we would have still been in this trade. The whipsaw rodeo claims another victim.

Impala Platinum Holdings Ltd (JSE: IMP – Prior Position)

• Status: Closed at a loss | Shorted at R227.06 | Stopped out at R245.50.
• Details: Initiated a short following bleak full-year guidance and rising global rate expectations. The market absorbed the news positively and squeezed higher, triggering our risk stop.

Conditional / Setup Watchlist

Northam Platinum Holdings (JSE: NPH)

• Trade Logic: NPH released full-year results today that met and slightly exceeded market consensus, supported by strong revenue and earnings metrics. Its long-term strategic outlook remains compelling (targeting 15% of global PGM supply by 2030), so we are monitoring the stock closely for a entry, keeping in mind its high sensitivity to underlying PGM basket prices. We would like to see it either pull back to retest the bull flag breakout, or perhaps break the 200 day moving average before we enter.

Pepkor Holdings Ltd (JSE: PPH)

• Trade Logic: PPH has experienced prolonged selling pressure over recent months. Yesterday printed a strong bullish engulfing candle on high volume, followed by a +1% follow-through on Friday. We are tracking the stock for confirmation that the broader downtrend has exhausted. We also note a Hammer candle formation on a significant support level on the weekly chart below.

Exxaro Resources  (JSE: EXX)

• Trade Logic: EXX has reached the higher end of its channel and is slightly underneath the 200 Daily Moving Average. This stock is leaning towards a possible breakout to the upside which will signal a buy.  

Discovery Ltd (JSE: DSY)

• Trade Logic: DSY has been in a downtrend and seems to have broken this trend along with closing above the 50-day moving average and confirming a buy signal.

Thoughts on the week ahead

It was a tough week and we are glad it’s behind us. Next week we start fresh and we have some decent trade setups forming. There are some risk events on the horizon, notably US CPI data on Tuesday which could materially impact risk sentiment (and heavily influence gold prices), so we will watch that data print carefully. Other than that, we remind ourselves to plan the trades and trade the plans. Risk management and an opportunistic mindset are key and we aim to realy focus on these in the coming week.

Also, we’d like to avoid the whipsaw rodeo by all means necessary. So we will be critically cold with our stop-losses. There is no excuse.

Economic Data

Start your trading journey with us today!

We’re posting on TradingView, we’re posting on our blog… but the real magic happens in our client community where you can get access to our ideas as they develop. So, open your account and join us and start taking advantage of South Africa’s Top Broker for both Active Traders and Traditional Investors. We have a Discord server, with a Daily Morning Call at 08:30 (Monday – Friday), where our Trading Strategist shares market updates and posts information with the Community. If you are not trading with us yet, what’s stopping you?

The weekly game plan is back

If you enjoy reading our blog and would like to get email updates each time we post, please subscribe below.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post The Whipsaw rodeo appeared first on Herenya Capital Advisors.

The following is a partial recap of the market analysis shared during today’s morning Discord call.

Yesterday was another rough day for the U.S. market, with the S&P 500 failing to breach the weekly resistance level. Currently, the market is in a somewhat bullish position, as it reached but did not break the previous day’s lows. But with the action being bearish, it makes today more of a wait-and-see day. We also saw President Trump announcing further attacks against Iran, which only prompted a subtle reaction from the market, even with regard to oil prices, which is a far cry from the dramatic shifts we saw earlier in the war.

Softwares

The software sector had notable earnings from Oracle (ORCL) yesterday, in which they were able to beat both earnings and revenue expectations. But news of Oracle raising debt which seems to have soured the sentiment, as it raised questions regarding where the return on investment would be, and Oracle traded poorly afterwards. This puts pressure on software stocks, which are already struggling as a part of the broader tech sector, and all eyes turn to Adobe’s (ADBE) earnings later today.

Left: the iShares Expanded Tech-Software Sector ETF, right: Oracle (ORCL) 

Gold

Gold continues to struggle, with it nearly testing $4000, and currently resting at around $4100, which it previously tested during the massive drop we saw on 23rd March. We see $4000 as the next major level to the downside, and $4122 as the bare minimum to break, for further growth towards the $4200s.

Local Stocks

Gold Miners

With gold struggling, gold miners present an opportunity for bottom trading. We see AngloGold Ashanti (ANG) and Harmony (HAR) as the best of the bunch in terms of fundamentals. In regard to AngloGold, we see R1300 as the level to look out for, as it could result in swing lows of R1250. As for Harmony, it could go down to R220. We also recommend keeping an eye on the retail and banking sectors today, as if you see selling there, it could be a sign of rotation into golds and the platinum groups.

Left: AngloGold Ashanti (ANG), right: Harmony Gold Mining (HAR)

MTN Group (MTN)

MTN has announced a partnership with Ant International, which resulted in elevated trade volume yesterday. The selling seems to take place around R216, which makes it the level to watch; if it were to break, we could see it up to R217 and R220 from there.

Earnings & Economic Data

After-Market Earnings

Adobe (ADBE)

Adobe is an American software company, known for programs such as Photoshop and PDF. It’s also this week’s second major software earnings.

Economic Data

Start your trading journey with us today!

We’re posting on TradingView, we’re posting on our blog… but the real magic happens in our client community where you can get access to our ideas as they develop. So, open your account and join us and start taking advantage of South Africa’s Top Broker for both Active Traders and Traditional Investors. We have a Discord server, with a Daily Morning Call at 08:30 (Monday – Friday), where our Trading Strategist shares market updates and posts information with the Community. If you are not trading with us yet, what’s stopping you?

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post The Daily Trades 11/06/2026 appeared first on Herenya Capital Advisors.

The following is a partial recap of the market analysis shared during today’s morning Discord call. Today’s market seems to be leaning away from risk, with mostly flat or downward movement. A notable trend has been the market’s increasingly muted reaction to the war in the Middle East. The U.S. market grew despite escalating headlines from President Trump describing the cease-fire as being on “life support”. This could imply that the supply chains are adapting to the global situation.

Metals Space

Metals space has seen a sharp rally in some areas, following contracts for silver and copper, which allowed the former to break previous swing-time highs, while the latter reached an all-time high. Meanwhile, gold has notably lagged behind, which is a clear indicator that it could have been used to buy into silver and copper. It’s worth noting, however, that gold miners have seen a rally following Barrick’s (B) performance on its earnings yesterday. We recommend keeping an eye on the metals, as we might see something similar play out in the near future with the PGMs (Platinum Group Metals) and buyers in China.

We could see some profit-taking today, following yesterday’s market rally behind Silver (left) and copper (right).

Local Stocks

Prosus (PRX)

Prosus released a voluntary trading update today, with a variety of announcements, such as an ongoing portfolio cleanup and interest in high-margin platforms. We intend to keep an eye on the company for now, as it is difficult to fully gauge the company’s immediate direction.

MTN Group (MTN)

MTN Group’s recent quarterly update has shown 21.1% growth. However, the overwhelming majority of it appears to come from outside of South Africa, with the likes of MTN Nigeria (MTNN) and MTN Ghana (MTNGH) seeing anywhere between 14% and 41% growth.

Earnings

Today is somewhat uneventful on the earnings front, especially compared to tomorrow’s schedule. Nonetheless, here are some notable earnings, starting with those scheduled for the pre-market.

JD.COM (JD)

JD is the largest online retailer in China and one of the largest companies globally. Its earnings is scheduled for today’s pre-market.

Oklo (OKLO)

Oklo is an American nuclear power company, specialising in radioisotopes and nuclear reactor development. The company’s earnings is scheduled for the after-market today.

Start your trading journey with us today!

We’re posting on TradingView, we’re posting on our blog… but the real magic happens in our client community where you can get access to our ideas as they develop. So, open your account and join us and start taking advantage of South Africa’s Top Broker for both Active Traders and Traditional Investors. We have a Discord server, with a Daily Morning Call at 08:30 (Monday – Friday), where our Trading Strategist shares market updates and posts information with the Community. If you are not trading with us yet, what’s stopping you?

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post The Daily Trades 12/05/2026 appeared first on Herenya Capital Advisors.

Today, we looked at 8 charts; below are only some of them, but first let’s have a look at what happened overnight. We are seeing green today, particularly in commodities, as the metals climb back, with silver being our top performer, followed by Palladium. News regarding the negotiations between Iran and the U.S. seems to be positive, but there is nothing concrete as of yet.

S&P500 Index

Looking at the S&P500 futures, we saw a bounce yesterday that played nicely between our levels of 6,810 and 6,880. We have since passed 6,880, and so our next level is 6,930. We have not seen any news in particular for the bounce, but we believe it relates to the news regarding the geopolitical tensions between the United States and Iran. Today, we need to see if we can maintain this upward momentum.

iShares Expanded Tech Software (IGV)

For the last couple of days, we have been watching this chart as it’s moved sideways, and we know some of our clients like the setup it’s providing, so this is one to watch today. We see support at $79, and if we break above $84, we could then retest the high of $86. If we get positive news, we could see this going higher, but if we continue downwards, then the next support will be at $76. If you can get in at around $81.50, we would then suggest a stop-loss just below $79.

MTN

Big news from MTN, as we know the company has been interested in buying the remaining shares of IHS Towers, and we now know the amount, $8.50, which overall will be a $6.2 billion all-cash deal. MTN might struggle at open, and we may see some selling off the bat, but that should stabilise after a couple of hours. We are currently trading at swing highs, and we did see positive trends after the news came out last week that they had intended to go through, but had not disclosed the amount.

The magic happens in our community!

We’re posting on TradingView, we’re posting on our blog… but the real magic happens in our client community where you can get access to our ideas as they develop. So, open your account and join us and start taking advantage of South Africa’s Top Broker for both Active Traders and Traditional Investors.
If you are not trading with us yet, what is stopping you?

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post The Daily Trades 18/02/2026 appeared first on Herenya Capital Advisors.

Offshore trade ideas (bigger picture)

S&P 500 (SPY)

So, we’ve not hit the downside target yet and by the looks of this chart, SPY is trying to put in a short-term bottom. All indications are that we see a bit of a bounce from the lows here. It’s been a rough year so far and sentiment has gotten extremely pessimistic. This is evidenced in options positioning as well, with the vast majority of contracts trading being puts. The market being the market, is likely going to push for the ‘max pain’ trade, which is currently higher. Therefore, we believe that we are very likely in for a violent short squeeze. Odds are good that the bulls will get sucked in, chewed up and spat out in the process, but for now, we think markets will be strong at least during the first half of next week.

All Country World Index (ACWI)

The $77.34 level marked on the ACWI chart is in fact well below the pre-covid high (which was around $82). Our target in the $70 to $72 region is based on a chart we did rather long ago and thus the target still lives on our chart. Although the trend is firmly down here, we can see a similar bottoming pattern on ACWI as on SPY. The trick here, and on SPY, is to take out the pattern high (this consolidation we’ve seen over the last two weeks needs to break higher). Let’s see how it goes. We’re not removing our downside target; we are just not expecting it to be hit before a short-term bounce.

U.S. Dollar Index (DXY)

It looks like the trend is being tested here. Technically it’s made a symmetrical triangle, but as we know, they can break either way with about equal probability. Our thinking at present is that it is likely to break lower and likely boost global equities in the process.

USDZAR

The Rand is also seemingly testing its recent trend. Should the tertiary trend line (steepest) break, we think it could retrace as far as R17.25 before finding support.

Brent Crude Oil

We’ve removed our previous annotations from this chart and only added in what we think is a large range in which oil is likely to trade for the foreseeable future. Ironically, this is still a bullish view, not only on oil, but on energy as a whole.

S&P 500 Volatility Index

The VIX is still below 35, so the wheels have not yet completely fallen off the bus. We maintain our view that above 35 things get spicey (for global equities), although we do think that in the short-term we likely see volatility subside somewhat and equities put in a bit of a relief rally.

South African trade ideas

JSE Top 40 Index (ALSI)

The 60000 level has been putting up some staunch resistance, but by the looks of the tails on the two most recent candles, it won’t last too much longer. Perhaps we see 62000 next week?

ABSA Group (ABG)

With all this talk of short-term bounces and relief rallies, ABG looks like it might break out of the top of this consolidation. Once it confirms with a close above R192.52, it should make for a decent risk-reward trade on the long side.

Anglo American Platinum (AMS)

This short trade idea could be in trouble is the DXY breaks lower. If you chased it in, or pre-empted your short entry, remember the stop loss is above the upper end of the small range marked in yellow.

Anheuser-Bush Inbev (ANH)

Still no confirmation of the short here, but still on the radar. A stronger rand might help the short trade here actually.

BID Corporations (BID)

No directional idea or bias here, although a tight range (flat) that will likely present a good entry for a breakout trade once it pops. Keep it on the radar.

Capitec (CPI)

CPI looks to be setting up for another leg down. That said, volatility reigns supreme and should we see a strong start to the week, we could see CPI pop out of this small consolidation to the upside. Therefore, the same view must be taken as is the case on BID. No bias or directional ideas, but rather just a good setup that could trade either way, offers and good risk-reward and should be kept on the watchlist.

Dis-Chem Pharmacies (DCP)

Oh no, everybody hates Dis-Chem now… well, anyway. DCP is holding support in a large range. This could be a good entry for a long trade. Stop below support and target at R35.80.

Glencore (GLN)

GLN is looking like it is going to try break above R102 for the seventh time (maybe this time is the charm?). A weaker DXY and a proper squeeze could see GLN finally shooting for the moon (aka. continuing the uptrend).

MTN (MTN)

MTN might be off the hook to buy TKG, but the chart does not look very pretty. As it stands now, R130 is putting up some stiff resistance and could be used as a stop loss for a short trade to R92.

Naspers (NPN)

Just an update on the NPN trade and a reminder that the good trades usually take some time to work out. It might be wise to trail the stop loss down though.

Traders meetup

Joining HCA trading

HCA trading offers a number of different trading accounts to suit different types of traders. Our offshore trading accounts allow traders to buy shares, ETFs, CFDs and even fractional shares in the United States for only $2 a trade. Locally, we offer shares, ETFs and CFDs at good rates with robust and reliable trading platforms. All our trading, including CFDs, is done on a Direct Market Access basis and thus our clients are able to interact directly with the real equity market and not have to worry about excessive counterparty or liquidity risk. Our prime broker locally is a big four bank and offshore we make use of one of the largest non-bank prime brokers in the world.

Local stockbroking rates

Offshore stockbroking rates

Subscribe for post updates

If you enjoy reading our blog and would like to get email updates each time we post, please subscribe below.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post Volatility reigns appeared first on Herenya Capital Advisors.

First – it is an enormous opportunity to get into the stock market, especially if you are a passive saver making monthly contributions to an index ETF or fund of sorts. If you can, double your monthly contributions to equity investments. It may be difficult to work this into already pressured budgets, but over time you will thank yourself for tightening your belt now and buying more and more as the market dives deeper and deeper.

Second – there is no reward without a little pain. The reality here is that if you increase your investment now, you will feel some pain in the short-term as you watch new contributions shrink each month just for you to add more into a shrinking pot. It is not going to feel good. The truth is that you will not be able to perfectly time the bottom, so cutting monthly contributions until you are convinced that things are better will very likely mean you miss the bottom and miss the chance to get great overall market (index based) exposure at a decent average price. Doing the right thing is never easy, and even more so when you are acting in your own best interest. Bite the bullet, act in your own best interest and take the short-term pain. The reward is years away, but it will be worth it.

If you would like for us to help you with a solid investment plan for the next five to ten years, contact us and we’ll gladly help.

An on that note, let’s move onto some shorter-term trade ideas. As mentioned above, it’s not looking good out there are we are seeing nothing but shorts.

Offshore markets

S&P 500 (SPY)

As usual we start with SPY. We’ve been aiming lower for long while now and nothing has changed. Our target remains indicated on the chart as it has been for many months. The question we are asking ourselves now is whether or not the 3370 index level is going to be the bottom, or just a brief support level?

Nasdaq (QQQ)

Looking at QQQ shows a similarly dire picture (as is the theme of this post in truth). We’ve marked out the previous (pre-covid) high, which as is the case above, should serve as both a target and support level for the current equities rout.

Philadelphia Semiconductor Index (SOX)

More of the same for the semiconductors. We guess we’ll see how this, and the indices above, behave when they get to their respective pre-covid highs.

U.S. Dollar Index (DXY)

We’ve pointed out before that the Dollar was last this strong during the dotcom crash, so we thought we would show it again for context. It won’t happen in a straight line, but we think that the 120 level on DXY is rather realistic given the circumstances. Make no mistake, this is putting severe pressure on U.S. corporate earnings as well as commodities, and the real damage will become apparent in the next earnings season.

Gold

Talking about commodities coming under pressure, gold seems to have broken its support level. Although we hold some gold exposure in our long-term portfolios, the short-term picture looks pretty bleak. Our initial thought after this break is that we might see $1480..? The thing is, if we see proper panic in markets in the next week or two, people will sell everything. This means that even the ‘safe haven’ assets will be sold off in the panic and mad rush for liquidity. Perhaps we see a similar washout to $1480(ish) as we saw during the onset of the covid panic days, before gold catches a bid and starts behaving like the ‘safety’ it is supposed to be?

Brent Crude Oil

Is this it? Has oil cracked support and is finally going to give in to the negative pressure of contracting global GDP? Or will OPEC+ cut more production and defend $90 with everything they have? Stay tuned for this week’s instalment of Energy Markets Gone Mad! Jest aside, that is actually a serious set of questions.

USDZAR

Weekly chart here just looking at the trend on USDZAR. It’s not looking good folks. Unless you have Dollars, then it’s looking awesome. Are we going to see R20 to the USD within the next six months? Probably.

Bitcoin (BTC)

Over the longer-term we are still bullish on BTC, but we want to reiterate that we would only be buyers closer to the support level, which is currently around $16.5k. The chart looks fairly bearish, so there might even be a chance to get some BTC below the support level. If the world is going to panic, let it panic. Just keep your own head cool and try not get trampled as the masses rush for the lifeboats. As mentioned earlier, this is a massive opportunity to make some very good long-term returns. Be patient and be decisive. But mostly, be patient.

Ethereum (ETH)

Great insights on ETH merge from Geo here (Geo interview podcast). Do we get a chance to load up around $750?

South African trade ideas

JSE Top 40 Index (ALSI)

It takes a little time, but charts often work out. Our target remains set at 53k. For those that are short this index, an ATRx2 trailing stop loss would be appropriate from here. You need to give it some room to breathe, but also need to make sure that it doesn’t rip against you and take back all the gains. Let’s see how long it takes to get to 53k and how it behaves once there. For now, enjoy the ride.

Investec (INL)

Well, nothing but shorts were promised, so nothing but shorts we’ll show. Nice rounding top here on INL with a scary low target at R41.20. This will be a slow grinder of a trade if it reaches target, so a volatility based tailing stop (like ATRx2) should too well to manage risk here.

Compagnie Financiere Richmont (CFR)

We’re pre-empting a massive head and shoulders formation here, but we’re pretty sure that we’re not the only ones seeing this… right? Would love to hear your comments, let us know what you think on twitter.

British American Tobacco (BTI)

Well ok then. We looked at BTI some time ago and pointed out this flat top triangle. Our thinking was that in a much weaker ZAR environment BTI could break out nicely toward the upside here. But now the market theme is nothing but shorts and BTI had a proper daily close below the trend line. We are tempted to hit the short here, but think we might have to do this trade in half-size.

MTN (MTN)

R91.42 is a long way down, but we can’t see anything holding the stock up to prevent it from testing those levels. At least not right now.

Naspers (NPN)

The support level shown two weeks ago has broken and it looks like the gap-close trade is on. Stop to entry and let it ride for now.

Remgro (REM)

R125 is a key level to watch on REM. A daily close below R125 will trigger a short trade. Some might see a head and shoulders top here… some might see a rounding top (depends just how much you squint your eyes to make sense of it). Either way, we think that a break of the key support will offer a great opportunity to get into a short trade around a level that confirms a medium-term trend change.

Shoprite (SHP)

Not the greatest of clearest setup here, but SHP could come off and test the R192 level again in what looks like it could be a rather large range. If R192 fails to hold as support, we are looking at a massive double top which would target around R130 if it plays out. Patience here. but keep it on the radar.

Sasol (SOL)

Perhaps a bit late to catch the short now so we will not chase. This chart just serves as a case study to show how effective simple trend line and range breaks can be to identify a changing trend (and trades of course).

Sibanye-Stillwater (SSW)

R31.79 coming up by the looks of it. That would probably be a good level to buy at to be honest, but until them we suppose we wait.

Transaction Capital (TCP)

TCP is another great example of a simple trend line being extremely useful. Now though, we see support around R35. Keep a close eye on that support because a break below that would likely target R26.80 and would make for a great short trade.

The Foschini Group (TFG)

Another stock, another key support level coming up. If TFG breaks below R118 on a daily close basis, odds are very good we’ll see R90.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resource

The post Nothing but shorts appeared first on Herenya Capital Advisors.

Offshore trade ideas

S&P 500 (SPY)

There is no real setup here for now. We are cautious of a possible correction move back to the 50 (then 89) day moving average. That would not be a significant move in terms of the primary trend though. For now, the bullish trend is strong. My two cents… the Fed prints so much, for so long, that eventually when all the Covid-induced supply chain bottlenecks ease up and inflation slows, the world will be so happy that it just keeps pushing the ‘everything bubble’ for another decade. Perhaps that is the complacency that will eventually bring equity markets down..? Time will tell.

Dow Jones Transportation Index (DTX)

Weekly chart.
Is that a bull flag that just triggered a long?

U.S. Dollar Index (DXY)

That $93 level must be made from stone. The high probability (best risk-reward) short-term trade here is now the short trade to $89. Not one that we would rush to put on, at least not until DXY can get back below the 200 day moving average.

USDZAR

So alright, the USDZAR is now above the 200 day moving average. If the DXY (above) can finally get above $93, and this 200 day moving average on the USDZAR can hold, the longer-term trend change looks like it’s on the cards.

South African trade ideas

JSE Top 40 Index (ALSI)

I hate to say it, but bearishness begone! This chart has strictly speaking triggered a long trade. We’ve also seen that global net flows into equity funds ex-US has surpassed flows into US equity funds on a weekly basis for the first time since September last year. Perhaps it’s time for emerging markets to catch a bid?

Shoprite (SHP)

Very nice breakout and retest of this flat top triangle on SHP. Entering now does not offer the absolute optimal entry point, although if you are willing to sit in a trending stock for a few weeks, SHP is likely a good pick.

Anheuser Busch Inbev (ANH)

We’ll probably post a range of updates on this trade in the coming weeks. Back to the top of the range with a stop loss below R875.

Compagnie Financiere Richemont (CFR)

We were trail stopped out of this trade a short while ago although have to say that it is looking like it wants to make another break higher. Perhaps a smaller, more speculative long position this time?

Mediclinic International (MEI)

Over the last year or so MEI has bounced well (top the top of the range) from this support zone. Granted this is no the absolute bottom of the range, but it is a significant horizontal support from which we see a shift in momentum towards bullishness.

MTN (MTN)

Weekly chart here to show some perspective of where this stock once was. We think that over time (as in, over the next few years) we might see MTN back to it’s highs. In the very short-term though, we’ll probably see some consolidation for a few weeks as the stock tries to find a foothold above the R120 level.

The Foschini Group (TFG)

TFG finds itself back at the bottom of the range it has been in for a few months now. Ths presents two trading opportunities. First, the range trade back to the top of the range. Second, an entry point into a longer-term trend following trade. Failure to hold this bottom support though would invalidate this trade idea and have us relooking at a long around the R136 level.

Telkom (TKG)

Our TKG trade from last week has not worked. There is a good chance that the 200 day moving average could be support, although below that, all bets are off.

Joining HCA trading

HCA trading offers a number of different trading accounts to suit different types of traders. Our offshore trading accounts allow traders to buy shares, ETFs, CFDs and even fractional shares in the United States for only $2 a trade. Locally, we offer shares, ETFs and CFDs at good rates with robust and reliable trading platforms. All our trading, including CFDs, is done on a Direct Market Access basis and thus our clients are able to interact directly with the real equity market and not have to worry about excessive counterparty or liquidity risk. Our prime broker locally is a big four bank and offshore we make use of one of the largest non-bank prime brokers in the world.

Local stockbroking rates

Offshore stockbroking rates

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post 12 charts we’re watching appeared first on Herenya Capital Advisors.

The one that has our attention at the moment is the risk of rising interest rates in developed markets. The FOMC will be announcing an interest rate decision during the upcoming week and while it is generally not expected for them to raise rates at this meeting, it is becoming more difficult for them to justify ’emergency stimulus’ when the emergency is basically over. U.S. business sentiment is basically the highest it’s been in 16 years, while inflation (transitory or not) is the highest it’s been over the same period. Sure, there are still 9.3m odd people without a job in the U.S., but even that is significantly lower than it was a year ago, when the actual emergency was happening. Right now, the U.S. economy is strong and that is likely to be the rhetoric we hear from Jerome Powell later in the week. Of course, followed by some justification for continuing to use ’emergency tools’ to support the economy. This is a song and dance that we don’t think can keep going too much longer. Perhaps next month at the Jackson Hole symposium do we start hearing the clear warning shots of interest rate hikes on the horizon?

Further to the inevitability of interest rate hikes, market breadth has been steadily deteriorating over the last two or so months. It’s not wise to be bearish in the long-term… but perhaps it is wise to start prioritising value over growth?

Offshore trade ideas

S&P 500 (SPY)

A quick, fast and dirty sell-off to the 50 day moving average… and bounce for the heavens! Technically a breakaway gap to all time highs is rather (extremely) bullish, although there has been a lot of ‘new lockdowns on higher cases fear’ in the media over the weekend. This should not be ignored. With new Covid-19 cases in many places spiking above the 12 month averages, that fear could well see the SPY repeat the trading action of the 10th of May (as opposed to the 5th of April) when last we saw the daily chart in a similar configuration.

Nasdaq (QQQ)

We’d thought that we might see QQQ trade down to our marked support level, but the BTFD crowd was having none of it.

Russell 2000 (IWM)

IWM is still the canary in the coal mine to us. If this rectangle turns out to be a distribution pattern and IWM breaks lower from this range, that could be the signal that a deeper pullback is coming to the larger cap indices. For now there is no actual trade here for us. We do think that this is a key index to watch. Much of the reason market breadth is deteriorating is because this index can’t catch a bid. It is important this it holds the 200 day moving average (and not break lower from this range) if the bulls want to stay in control.

U.S. Dollar index (DXY)

Our eyes are still firmly glued to the DXY. Above that $93 to $93.50 zone and things might get a whole lot more exciting. A stronger USD in current market conditions will likely signal a flight to safety and thus put pressure on equity markets and commodity prices.

USDZAR

Perhaps the best way to illustrate the impact of the DXY rising. The higher the DXY goes, the higher the probability that the ZAR pops out of this Historic large range and makes a run for R16.16 and beyond.

Brent Crude Oil

We’ve been oil (and energy) bulls for some time now. Nothing changes this week in that regard. Decent hammer on Brent Crude Oil weekly chart and many structural reasons to remain long. Oil demand is the highest it has been in decades and production, although ramping up, is going to find it very difficult to keep up to demand. Stay long.

Gold

We still like Gold over the next few years. In the short-term, equity markets might keep pushing higher and Gold keep pushing lower. When eventually the chickens come home to roost and interest rates are hiked and growth stocks are no longer growing… Gold will shine bright in the risk-off world. For now it seems that the bull flag is playing out, but this is a weekly chart and much time must pass before we will get another signal.

Ethereum (ETH)

Is that a falling wedge formation on the weekly chart?

Bitcoin (BTC)

At this point we’re just impressed that BTC is still trading around this $35k level. An interesting side note here – more and more top tier banks are allowing their more sophisticated clients to settle and trade in Bitcoin. There is an ocean of institutional money trying to get into the space. Could be interesting.

VanEck Vectors Oil Services ETF (OIH)

One of our favourite positions in the current market is giving a good opportunity to get on the bus (or add). The 50 and 20 week moving average crossover while under the 200 week moving average, is something we consider to be a ‘medium-term trend change signal’.

Preparing for the worst

The following stocks are all overvalued, in a down trend and has shrinking or negative earnings. The bottom of the barrel if you will. Thus, they are short trade ideas that can be used to hedge some downside if the market does not play nice in the week ahead.

Generation Bio (GBIO)

1life Healthcare (ONEM)

BioXcel Therapeutics (BTAI)

Global Blood Therapeutics (GBT)

Relmada Therapeutics (RLMD)

Hoping for the best

The following stocks all meet our requirements to be included in our ‘investable universe’. They have also most recently triggered buy signals.

Entravision Communications (EVC)

PFSweb (PFSW)

Veoneer (VNE)

KLA Corporation (KLAC)

Helen of Troy Limited (HELE)

Malibu Boats (MBUU)

South African trade ideas

JSE Top 40 Index (ALSI)

All that bearishness and here we have a bullish chart. Provided the world does not unravel after Jackson Hole, this setup looks decent. Keep in mind that even if the world unravels, it’ll probably push this index up on the back of rand hedges and commodity stocks thanks to ZAR weakness. Momentum is still in the middle of nowhere, but it is trying to turn bullish as well. Perhaps in the shorter-term (over the next few weeks) markets will remain strong and we can see a decent bullish break here?

Aspen Pharmacare (APN)

APN weekly has broken the 200 week moving average. This goes from a channel trade setup to a medium-to-longer-term trend reversal setup. Much upside to come we think.

British American Tobacco (BTI)

Still range bound on the weekly, but perhaps this will give some context of the trend change potential here. A weaker ZAR will help for sure.

Compagnie Financiere Richemont (CFR)

CFR has had one amazing run. We’ve been long this stock since around R155. Time to ratchet up the trailing stop loss. Although this is a weekly chart, we think using a shorter time frame (like 1 day or maybe even 4 hour) to set the ATR based stop loss is the right move here. Not too tight to take us out needlessly, but tight enough to protect us from any ‘new covid case numbers’ panic selling, if that happens.

Clicks Group (CLS)

We tried to fight this one a little bit, but the trend is up and a break above R265 would probably make a good buy.

Dis-Chem Pharmacies (DCP)

Ol Loch Ness over here is looking pretty good. A break above the R32.50 level will also make for a decent risk-reward long trade.

Life Healthcare (LHC)

LHC is looking fairly good on the weekly chart as well. It’s back above the 200 week moving average and it seems to have some bullish momentum as a backwind. Once life starts to kind of return to normal, private healthcare will be able to earn from ‘business as usual’ activities, such as elective surgeries and the like. Is this the makings of a trend change?

MTN (MTN)

MTN weekly chart is looking good! If it can get up through R110, there are clear skies ahead. We note that weekly momentum is fading a little, but as it stands now, that is unconfirmed.

Netcare (NTC)

Another private healthcare stock, another bullish weekly setup. Maybe just a run to the 200 week moving average? Needs to get up through R15.50 and actually stay above it first though.

Sasol (SOL)

We tried to fight SOL last week too, and like with the other shorts, we came short. Looking at the weekly though, we really like the 20 and 50 week moving averages crossing over. This generates a longer-term buy signal for us.

And that is all we have for this week. As usual, if you would like to know more about trading with us or joining our community, please feel free to contact us and we’ll be in touch.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post The BTFD crowd win again appeared first on Herenya Capital Advisors.

The charts posted below were all done on Sunday, so they do not include Monday’s trading action.

So, deep breath, clear mind. Let’s look at some trades.

Offshore trade ideas

S&P 500 (SPY)

So much fear and loathing of the selloff during the last week, only to end at an all-time record high. The trend truly is your friend.

Russell 2000 (IWM)

The bias is still bullish here. As was the case last week, there is no trade on this index ETF for us until the range is broken.

Nasdaq (QQQ)

QQQ did not manage to make a new high on Friday, although by the looks of the chart, it will likely make a new high in the week.

Dow Jones Industrial Average (IYY)

IYY also made a record high at the close on Friday. It seems that the market is feeling unstoppable at this stage.

Dow Jones Transportation Average (DTX)

DTX did not bounce off the trend line as we anticipated. It did make an inside day candle formation on Friday though. Given the context of strong markets above, our bias here is bullish. Even though the trend line has broken, we think it might be a fake break out. Time will tell.

U.S. Dollar Index (DXY)

DXY put in a decent reversal on Thursday and Friday last week. Perhaps we see a pullback to the $91.50 zone before the bulls take charge again?

USDZAR

The R14.50 level has been rock solid. We’d like to say that we could see a stronger ZAR from here, although given the events of the weekend, we’re not so optimistic.

Gold

Looking at a weekly chart on Gold. Gold has broken it’s weekly downtrend and seems to have successfully tested and bounced off the previous resistance. Dare we say that we are bullish Gold here? Also, inflation is not transitory.

Brent Crude Oil

We look at both the daily and weekly charts here.
On the daily chart Oil is looking rather bullish and likely to keep pushing to make a new high. On the weekly chart though, we see a hanging man candle formation. This could lead to a pullback similar to the one shown in the first green circle on the daily chart. Thus, for the week ahead we have no play on Oil. We do think that weakness is worth buying into though.

VanEck Vectors Gold Miners ETF (GDX)

Nice buying opportunity on GDX here in our book. Clear stop loss with the potential to catch the start of a medium-term trend here.

Wells Fargo (WFC)

WFC setting up for a nice bullish break out by the looks of it. Depending on your risk tolerance, it may be wise to wait for a confirmed break out before entering a long trade.

Energy Select Sector SPDR Fund (XLE)

XLE giving a nice opportunity to get long in the ‘buying zone’. More conservative traders can wait for a confirmed break out from the short-term downtrend.

Want to trade or buy these U.S. index ETFs?

With our offshore trading account you can buy Stocks, ETFs, CFDs, Futures, Options and even Fractional Shares in the United States for only $2 a trade.

Open a new account with, or move your existing account to Herenya and take advantage of the great trading platforms, low fees and interactive community enjoyed by our clients.

South African trade ideas

Aspen Pharmacare (APN)

APN once again closed above the R168 level, which triggers a long trade with an eye on R185 as a target price. Be mindful though, last time this was a fake break so keep a tight stop loss.

Coronation Fund Managers (CML)

CML setting up really nicely for a push to a new high. The first stop should be gap close, then if it can get above R52, we might be looking at a new high.

Discovery (DSY)

DSY is being a little tricky, although as long as the R120 level holds, we remain bullish. For the range trade to R150, we think DSY offers a great risk-reward.

Truworths (TRU)

This is a technical breakout on TRU… but this also the wild west, so who knows what happens. We are already long here, so we will not be taking another position in this stock.

ABSA Group (ABG)

ABG setup shown a while ago seems to be working out rather well.

Bidvest (BVT)

BVT seems to be setting up for another trend following move, this time aiming above R200.

Gold Fields (GFI)

More ‘hopium’ for the gold bugs. This does look like a decent level to be long from.

MTN (MTN)

What? Someone is in trouble in Nigeria and it’s not MTN? Bullish!
In all seriousness, this looks like a clean trend following break higher.

Nedbank (NED)

No trigger yet, but worth watching this range for a break out.

The Foschini Group (TFG)

TFG looking similar to NED. Again, no trigger just yet, but something worth keeping on the radar.

Joining HCA trading

HCA trading offers a number of different trading accounts to suit different types of traders. Our offshore trading accounts allow traders to buy shares, ETFs, CFDs and even fractional shares in the United States for only $2 a trade. Locally, we offer shares, ETFs and CFDs at good rates with robust and reliable trading platforms. All our trading, including CFDs, is done on a Direct Market Access basis and thus our clients are able to interact directly with the real equity market and not have to worry about excessive counterparty or liquidity risk. Our prime broker locally is a big four bank and offshore we make use of one of the largest non-bank prime brokers in the world.

Local stockbroking rates

Offshore stockbroking rates

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post Focus on the charts appeared first on Herenya Capital Advisors.