The JSE ALSI 40 - Boy who cried BULL again! Target 80.384

JSE:J200   South Africa Top 40 Index
The JSE ALSI 40 has been moving in this large somewhat frustrating Symmetrical Triangle since December 2022.

I've been bullish with the index and have expected it to break above the apex by now. But the triangle just keeps on moving in its consolidation sideways range.

Thing is, the up signs are showing. This market wants to fly up and the rest of the international markets are holding it down.

But now with the breakout above the Falling Wedge with the S&P 500 and Nasdaq, maybe we can get our push up finally.

Other indicators confirm upside to come
Price>200 - Bullish - 7 needs to cross above 21 thought
RSI>50 and higher lows are being formed.

Target 1 is now moved to a higher 80,384.

Can we get our breakout now. Us breakout traders have been patient enough...

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

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