For the pump, we need the dominance to correct and I think it’s going to be .
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The World Gold Council (WGC) reported that central banks bought over 1,000 tons of gold for the third year in a row in 2024. After Trump's election win, central bank gold purchases jumped by more than 54% year-over-year, reaching 333 tons, according to WGC data. Meanwhile, futures on money market Fed funds rates suggest the Federal Reserve is expected to cut rates by 38.5 basis points in 2025. ⭐️ Personal comments NOVA: Gold price recovered to the h1 trendline area, will continue to be under selling pressure, trading below 2900 ⭐️ SET UP GOLD PRICE: ? SELL GOLD zone: $2923 - $2925 SL $2930 TP1: $2918 TP2: $2910 TP3: $2900 ? BUY GOLD zone: $2855 - $2857 SL $2850 TP1: $2862 TP2: $2870 TP3: $2880 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
Hello traders! It's great week has started. This week is looking very promising guys as structures are looking very good. So today we have GBPUSD which is developing nicely. In this video, I've covered the way I look to take this trade when the opportunity presents itself. Let's look this guys with a close eye today
The Bank Nifty is an index that represents the performance of the banking sector in India, comprising the most liquid and large-cap banking stocks listed on the National Stock Exchange (NSE). A demand zone in the context of Bank Nifty refers to a price area where buying interest is historically strong, often acting as a support level. If the Bank Nifty is approaching or reacting to a demand zone, it could indicate a potential reversal or bounce.
Abbott Lab : Anticipate upside move because of Cup and handle pattern is slowly appearing.
Sell after bearish candle stick pattern, buy after bullish candle stick pattern.... Best bullish pattern , engulfing candle or green hammer Best bearish pattern , engulfing candle or red shooting star NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER Stop lost before pattern R/R %1/%3 Trade in 5 Min Timeframe, use signals for scalping
British American Tobacco (BTI) describes itself as a "leading consumer goods company" - which is a euphemistic way of saying that they produce and sell an enormous number of cigarettes and related products worldwide. It is also the second-largest company on the JSE after Naspers. In recent decades, cigarette companies have become increasingly oppressed. Their ability to advertise their products and even package them has been severely curtailed in many countries. They are seen to be exploiting an addiction that is clearly anti-social and very bad for the individual's health, regularly involving them in lawsuits for damages. BAT owns well-known brands like Camel, Peter Stuyvesant, Rothmans, Benson & Hedges, Dunhill, Pall Mall, Kent, and Lucky Strike. In an effort to get away from the negative perceptions of cigarettes, the company has diversified into "new category" products such as vaping and electronic cigarettes, which it claims offer a long-term prospect for growth. Recently, especially in the United States, these products have also come under the spotlight for health reasons, leading to a drop-off in sales. As an investment, the company offers some attractions. Roughly 20% of the world's population still smokes, making a truly massive market. Setting aside our distaste for the business which BAT conducts, the share looks like very good value at current levels. This is one of the shares that has performed well and perhaps even benefited from COVID-19. The CEO says that he aims to double non-combustible sales by the 2023/24 year. It is interesting that BAT considers South Africa's illegal cigarette market to be the largest in the world. On 6th December 2023, *Business Day* reported that BAT had impaired its US operations by GBP25bn (R595bn), leading to a drop of 10% in the BTI share price. In its results for the year to 31st December 2024, the company reported revenue down 5.2% with organic revenue up 1.3%, driven by New Categories, which was up 8.9%. The company said, "Reported profit from operations of £2,736m (2023: loss of £15,751m) with 2024 including a provision of £6.2 billion in respect of the proposed settlement in Canada, while 2023 was negatively impacted by one-off impairment charges largely in the U.S. Adjusted organic profit from operations up 1.4% (at constant rates), driven by AME and APMEA." The share has basically been moving sideways for several years. We do not regard it as a good long-term investment.
Buy and Sell Signal for AAVEUSDT ? Buy Signal: Buy if the price breaks $267. Stop-loss: $247 Bullish targets: $284.23 $314.29 ? Sell Signal: Sell if the price breaks $246. Stop-loss: $267 Bearish targets: $229.58 $206.04 ? Risk Management: Considering support and resistance levels, an appropriate stop-loss should be set.
Previously called Enterprise Outsourcing Holdings (EOH), Ioco was Africa's largest information technology company with involvement in almost every aspect of computer applications. At one point, the company had 11,000 staff members, but that has now been reduced to 6,151. It was, until August 2015, the darling of the JSE because it had a long track record of steadily improving profits. It made a peak of R178 per share at a P:E of 35. An unsuccessful attempt to exceed that high (i.e., a double top) came a year later in September 2016, and since then, the share has fallen steadily to reach a low of 146c in February 2023. This fall was initially accompanied by allegations that the company was involved in and owed its success to state capture in collaboration with the Guptas. The CEO and founder, Asher Bohbot, resigned in May 2017 and handed over to Zunaid Mayet, who later handed over to Stephen van Coller. Usually, when a company is run by a strong charismatic leader and that leader (like Bohbot) resigns, it is time to sell the share. The company's 200 subsidiaries have been consolidated into three divisions with centralized debt collection and procurement. On 6th July 2021, *Business Day* reported that EOH could possibly be "blacklisted" by the government as a result of its past tender frauds. This would obviously be very negative for the company. On 11th November 2022, the company announced a R500m rights issue and a R100m private placement, mainly to reduce debt. On 13th February 2023, it announced that the offer had been 135.8% oversubscribed. In its results for the year to 31st July 2024, the company reported revenue down 3.1% and a headline loss per share of 0.21c compared with a loss of 21c in the previous year. The company said, "A special board subcommittee was formed in June 2024 to turn EOH around. Key initiatives include business restructure and rationalization plans. Corporate and administration cost restructure successfully completed. Cost savings of between R160 million and R200 million anticipated into FY25." In a trading statement for the six months to 31st January 2025, the company estimated that HEPS would increase to between 19c and 21c compared with a loss of 11c in the previous period. On 31st May 2024, the company announced the resignation of various directors and the appointment of Marius de la Rey as interim CEO. Technically, the share made a "double bottom" in April and May of 2024, after which it began a new upward trend. We believe that it will continue to rise. On 14th February 2025, the company announced that Marius de la Rey had resigned with immediate effect. Directors Rhys Summerton and Dennis Venter have been appointed as joint CEOs and executive directors.
Labat (LAB) is a 57% black-owned investment holding company that listed on the JSE in 1999. The company buys and improves subsidiaries and then sells them for a profit. At the moment, Labat has two operations - South African Micro-Electronic Systems (SAMES) and Labat Logistics. On 14th April 2020, the company announced that it had acquired 70% of Biodata, an East London-based company that is focused on cannabis healing. The acquisition is to be paid for in shares. The market for cannabis in South Africa in 2020 was expected to be worth around R27bn. On 5th May 2020, the company issued a profit forecast for the years 2021 and 2022 - in which it said it was raising R112m by the issue of shares and that it would generate a profit of R60m in 2021 and R162.3m in 2022, resulting in headline earnings per share (HEPS) of 10.9c and 29.9c respectively. On 8th May 2020, the company announced that it had decided to put Force Fuel into business rescue because of a drop in volumes as a result of COVID-19. In its results for the six months to 30th November 2023, the company reported revenue of R36.6m compared with R24m in the previous period. Headline earnings per share (HEPS) were 0.78c compared with a loss of 1c in the previous period. The company said, "Group revenue for the year increased by 152% to R36.7 million (2022: R24.1 million) compared to the prior year. This increase was driven mainly by the 13 new retail wellness stores that were opened during the year." In a trading statement for the six months to 30th November 2024, the company estimated that HEPS would increase by 98.72%. The company's shares were suspended on the JSE in October 2023 and only commenced trading again on 2nd January 2025 with the publication of the interim results to 30th November 2024. Even when trading, this is a volatile, often loss-making penny stock, so investors should probably leave it alone.