JSE ALSI 40 Short (sell) analysis Inverse C and H Target 50,000 Thoughts?
JSE:J200 is back at the recent lows (58.6K-ish). Most stocks are weak, what are the odds that the Top40 can bounce here? Add the middle of nowhere low near 56K. Rough market.
Channel support on the Satrix Resources ETF seemed to have held. Possible target could be the top of the channel. I have a position. Be nimble in these volatile markets.
The breakout hasn't been a strong one to the downside, but it's still below the current support (which has become a resistance). If a catalyst breaks out to send the markets further down, we could see 50,000 on the cards... What do you think? Trade well, live free. Timon Rossolimos Founder, MATI Trader
I'm looking at weekly and monthly chart, waiting for breakout from downtrend. Taking conservative view so would find more comfort on breakout when price moves above 2750/2800. Plus, Chinese regulatory issues appears to be priced in. - MACD crossover - breaking previous support
Look who seems to be making a come-back - Steinhoff First target around R6.43 due to a Rounding Bottom
the breakout on the channel we will see a new rally on the share price the test can continue further as indicated on the support that can be a good buy before the breakout
JSE:SAP Touching the 200DMA today, with the 38.2%retracement off the lows, and 127% expansion off the highs coming into play.
TOP 40 may be preparing for a continuation higher to the upside 68000 and 72000
With all the tension happening in the US stock markets it could have a severe impact on South African markets as well. This is an analysis of the JSE TOP 40. If inflation goes up enough in American markets the federal reserve could take actions to raise interest rates, meaning higher rates reduce stock valuations because why? They weaken the present value of...
Not sure what the market is doing right now, but if I had some shares, I would hold.
This is just a short analysis of the potential price zones we could expect with Exxaro Resources Limited JSE:EXX . I think this company has good potential and a solid track record, good luck with everyone's investments I wish you well and a prosperous future! This is merely an idea and not investing advice, tread carefully and invest on your own risk!!
The MACD and Stochastic indicators on JSE:GLN are both signaling a downward move. However, it is currently trading around a support level (+-5800) and I will be inclined to wait for it to break through that level before entering short. If it does play out, we could see a move to at least the support level of around 4900.
JSE:EXX is showing signs of a potential short trade coming up. The first signs came with the stochastic and MACD crossing downwards, and it has been confirmed by the downward cross of the 3 and 15 EMA's. I see it potentially moving down to around the 15000 support level, where it may retrace before potentially continuing downwards. Let's see what happens.
Following the Elliott wave retrograde analysis, we see a significant head and shoulders with a high bearish momentum; the defining price range for the next rally is entirely based around the 0.618 Fibonacci retracement levels. Good luck and follow me for more!
I initially predicted a 17% decline on JSE TOP40, the move is well in motion. See link below South Africa has had one of the worse lockdowns in response to covid19 and it resulted in a reported decline of 51% in GDP. The unemployment numbers and number of business bankrupted are not yet publicly available. South Africa also increased its USD debt during this...
Not quite a trade I would take, but for JSE Investors I think the market will probably drop 17%. Not financial advice