Expecting a recovery in the JSE because since the beginning of last years financial year prices have been steadily declining but also exporting mining companies in the JSE have been exporting minerals at a premium which could be good for earnings numbers. The JSE is consists of a majority of mining companies. The retail sector could also positively impact the JSE.
The Johannesburg Stock Exchange (JSE), listed on its own platform, serves as a securities exchange facilitating the trading of shares, bonds, and derivatives. With approximately 320 listed and quoted shares, it stands as the largest stock exchange in Africa by market capitalization and ranks 17th globally. Historically, the JSE has been consistently profitable,...
A price action above 8550 supports a bullish trend direction. Crossing below this level will be the first sign of some weakness.
Increase long exposure for a break above 8710.
The target price is set at 8960 (its 38.2% Fibonacci retracement level).
Might see an overshoot to its 200-day simple moving average.
The target price is set at 8300.
Remains a risky trade.
Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts.
Now looking to the right, we can take note that the JSE has...
JSE appears bullish on the daily chart; the price is anticipated to fall for a pullback or it can also rise above the 9756.
A lot of sentiment is in this chart, which is best followed by fundamentals as there are developments around it. It has the potential to increase to extreme levels, so monitoring is required.
The price is currently within a nested demand...
- Not a very exciting stock as it trades in a massive range
- The chart is printing higher lows since June 22' and could possibly push higher here but its likely to be a grind.
- I would look for pullbacks to enter a position , somewhere closer to R105
JSE has been in a descending triangle pattern since march 2022 which broke to to upside earlier this month, today we are seeing the retest of the R108.00 breakout level
and if this holds we can see bulls start moving higher to eventually test R116 resistance
Going up, take a good look on the BCI on monday for a close above 11257.00 to take a run up to 11803.00 on the JSE but a loss will result in a dip move to 11257.00... wait for the BCI results n trade
If the BCI comes with a great value the JSE will see a rise to 11803.00, but if the results comes out worst it will see a loss down to 11109.00, so wait for a bullish confirmation n buy to 11803.00 , where else on the other side wait for for a rejection on that11257.00 price level n then a confirmation and sell yo 11109.00, if you are trading JSE be sure to take...
JSE been trading sideways for a while now. Currently trading on support at the R100 level. If it can hold this area of support first target will be R110 and after that R125 area.
Trade ideas are my own and not financial advice.
Hi
A series of HH and HLs seem to happen here, and the 12250 and 12500 are the price targets.
'Candle open and close' seem to be the best way I could assume the trend on this one.
So the USDZAR is probably very bearish.
Happy Trading...
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some...
Price is still on THE CORRECTION before it goes bullish but when it buys it won't buy for too long meaning it's a short term prediction for SHORT TERM INVESTMENTS
Volatility squeeze might result in some upward potential for the share.
A price action above 10100 supports a bullish trend direction.
Furthermore, a price action close and above 10200 also supports a sudden temporary correction.
RSI leaves enough room for further upside price potential.
- The share has sold off to an area of horizontal support
- Stochastics oversold on the weekly
- First level to watch will be R106 zone , above this area bulls will gain momentum towards the 200day moving average around R115
- Below R98 will negate the idea
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Some good upside might be on the cards. The JSE has been losing steam since 2015. We might be in for a good dividend in March if we see some weakness in the rand for the 2nd half of the year.
The South African economy has tainted JSE stocks and led to a delisting of hundreds of stocks over the years.
This sentiment has affected the JSE share price negatively as more investors shun the bourse. Prior to this, the share price was stuck in a trading range of between (R110-R130) - made for some nice predictable trades in that time.
But now, the...
