The South African top 40 index is the latest global index to have been spotted trying to begin a major up move in the next leg of the bull phase.
The Index was in a corrective structure all of 2023 until the very recent Nov low. This entire corrective structure according to the Elliot wave theory was what we simply call a "wave 2 correction".
The first leg of...
SA40 - Analysis
South African stocks will always follow but not lead.
So I will always be looking at the performance of the US and Europe stocks.
Most companies in South African are funded by foreign investors as the locals can't afford the buying numbers.
Trail the break down analysis.
SA40 - South African Top 40 Index
Recovery might be towards the September range. Hopefully we can look for long position the re but for now it might be going down.
Sell now buy later?
There is a possibility...but overall lets play the patient game and see the outcome.
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE SA 40 INDEX.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS...
