trading

Graphs talk – Nedbank

Nedbank is the fifth largest bank in South Africa according to market capitalization (R44bn). Their financial results for the period ending December 2019 reported the following: headline earnings down 7.3%, revenue up 2.5% and net asset value per share increased by 3.7%. The stochastic indicator is oversold which makes the probability for a bounce to higher levels more likely. The share is caught within falling wedge between line A (R91-09) and line B. The optimism of the formation will be…

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Graphs talk – NEWUSD

This ETF gives you exposure to the Rand against the American dollar. A profit in this ETF is when the Rand weakens against the dollar. The stochastic indicator confirms the oversold position of the Rand, which makes the probability for more weakness more likely. This ETF was caught within a symmetrical triangle and above line B (R18-48) the symmetrical triangle will confirm a bullish pennant, when line B changes into a support. Which implies that the weakness in the Rand…

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Graphs talk – Shoprite 7 May 2020

Shoprite is the largest supermarket retailer on the African continent. Their latest quarterly update for the period ending in September 2019 reported the following: turnover increased by 7.3%, Supermarkets RSA grew sales by 10.3% during the quarter. The Group’s other operating segments, which include the OK Franchise, Computicket, MediRite pharmacies and Checkers Food Services, reported a 6.4% increase in sales. The OK Franchise division grew sales by 8.6%. The stochastic indicator confirms the oversold situation of the share and the…

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Position size for CFD’s

We keep on talking about position size but what does it actually mean? The size of your position is nothing other than the number of contracts you trade on CFD’s or the number of shares you buy on equities. In other words, the exposure you have to one instrument in a trade. A risk strategy is key in trading or investing if you don’t want to wipe your account. When we talk about investing we mean the actual shares/equity you…

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