Skip to content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Trade Insights

Become a premium client and receive trade insights on shares you like to trade.

As part of the premium service you will receive daily insights on the shares you trade from your Premium Client Manager.

 

 

Trade insight example

Woolworths Holdings Ltd

8 April 2015 

There is a potential head and shoulders (labelled L, H & R) pattern forming on Woolies, of which the right shoulder is still in formation. Important indicator to watch is volume as it should advance during left shoulder formation and decrease during the advance of the head. This decrease in volume and the new high of the head, together, serve as a warning sign.

Another alternative pattern is a breakout of a decreasing parallel lines with the breakout towards the upside occurring last week. My concern is the lack of volume increase during the breakout, which should serve as conviction for the directional change. However, overall bias to the long side prevails but traders should pay close attention to long-term support line, which goes back to the beginning of October 2014 as well as the neckline support.  

We saw lacklustre trading day on Thursday ahead of the long weekend with the market struggling to find direction. Asian stocks are trading higher this morning lead by the Shanghai Composite & Nikkei up 1.98% 1.15% respectively. Markets trading firmer following comments from the New York Fed president which indicated that interest rates would remain flat for a longer period.

Sasol Ltd, 08/04/2015

IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. Whilst IG is a regulated FSP (number 41393), CFDs with IG are not regulated by the FAIS Act and IG does not provide advisory or intermediary services.

Help and support

Get answers about your account or our services.

Get answers

Call 010 500 8626

Or ask about opening an account on 010 500 8624 or newaccounts.za@ig.com.

We're here 24hrs a day from 9am Saturday to 11pm Friday.