This document discusses various stocks and market indices in South Africa. It describes a pattern called a First Rand Gartley that was used to analyze stocks. It also details a daily routine for finding cash stocks that involves scanning for stocks with high relative volume and strength, charting them with moving averages, and looking for chart patterns. Examples of stocks that were picks using this process yesterday include Telkom and Sappi. The document ends by stating the market needs to turn up and naming additional stocks like Capitec, Omnia and Sasol.
22. My Daily routine for cash
I simply scan for the top 40 stocks with the highest
combination of Rv plus Rs. I find these pre packed in
watch lists.
Chart them with the 13ema and the 89 sma.
Look for chart and candle patterns.
I favor ascending triangles and triangles
Its very simple with entry based on a candle pattern
taking only the daily range as the risk.
In another talk I spoke of using the stochastic.
Stay aboard until I have made twice the risk
Yesterday Telkom and Sappi were my picks.