ZARTechnical

ZARTechnical

Bias bearish. SA stocks incl Anglo American, BHP, Glencore, Mondi

ZARTechnical

First target 7.24

ZARTechnical

Bonds selling off at yield support / price resistance, after huge corrective rally

ZARTechnical

-Should break soon. Support @ 72.50 and resistance @ 74.60, Should see a 6% move

ZARTechnical

I have a good feeling...the birds are flying North Huge rally from the March low. Now double top

ZARTechnical

Who would have thought that SA10y would trade at the same yield today, than: - Before it was downgraded to junk - Before it added USD debt from the IMF (imminent) - Before Covid depression #ChaseForYield

ZARTechnical

IF the likes of David Masondo were to gain greater power, USDZAR would spend more time in the upper half of the chart Fortunately, its currently not legal to print money & fund the Treasury (MMT)

ZARTechnical

- Support at 18.00 - Resistance at 19.10 - Should breakout in next 4 weeks and move should be R1.50 either way

ZARTechnical

- After a long sideways consolidation, SA10y broke out at 9.3% in March. - Yield rose to 13% - The correction has been fast as well - In my view, best case another 50bps lower (9.50-9.30%)

ZARTechnical

- $USDCNH broke out of a triangle with a short-term target at 7.24 - Pull back best case around 7.08

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- DTOP has now bounced 37% from its March low. - and is 10% below its 5-year average price. - NOW, SA fund managers are bullish. They also said they want to sell offshore assets, buy ZAR and buy SA equities & bonds Could explain ZAR strength

ZARTechnical

DTOP (9400) has 12% upside to get to its 5-year regression line My base case is that SA has entered a very deep recession, maybe a depression Do you think it should be trading up here?

ZARTechnical

DTOP broke down from a 5-year sideways consolidation - Long term trend = bear market - Target 6700 (-22%) - Short term trend - Likely best case 9650 (+12%) - Downside 6700 (-22%)

ZARTechnical

USDZAR breaking out to new all-time highs... 18.30, then 18.70

ZARTechnical

Would target 5.40 (+26%) and would likely be driven by China slowdown-Coronavirus Approximately 27% of Brazilian exports go to China Currently 90m people in lock down and Bloomberg estimates 69% of Chinese GDP shut this week Does it re-open next week or further lock downs?

ZARTechnical

Brazilian Real at long term resistance...again Exports to China is material and thus exposed to #Coronavirus = slowing Chinese growth

ZARTechnical

If Coronavirus spread continues at current infection growth rate, then minimum target is CHF64 (-11%) and likely to target bottom of channel at CHF53 (-26%)

ZARTechnical

Channel breakout. This is a change of tone to short-term bearish with a target at 15.20, as long as it remains > 14.55