Get started
South Africa Top 40 IndexSouth Africa Top 40 IndexSouth Africa Top 40 Index

South Africa Top 40 Index

No trades
See on Supercharts
OverviewNewsIdeasDiscussionsTechnicalsSeasonalsComponents

SA40 trade ideas

JSE Top 40In my 07 March report I highlighted the technical risk with the index having traded at the upper boundary (2.5 to 3x the mean) of it’s 200-month linear regression channel. We have since seen the index retrace toward it’s mean with the price lower by 16.6% from the March peak. The 7-month RSI prints 38 which is considered weak but not yet oversold. While we may see rebounds on a short term basis, the regime remains ‘weak’. Considering the quarterly time frame, it remains in a strong but near overbought regime.
JSE:J200
by techpers
JSE ALSI 40 - Short - Inverse Cup and Handle Technically an Inverse Cup and Handle has presented itself. The breakout below the brim level is still quite a weak breakout, but the stop loss is quite wide to give leeway. Fundamentally, Inflationary measures and rising interest rates are going to have a ripple effect around the world. The JSE will also following leading markets, which will bring it down. I'm going short... What do you think? Kind regards, Timon Rossolimos CEO, MATI Trader
JSE:J200Short
by timonrosso87
JSE Top 40 IndexAt the top of last week I highlighted the theme, which was 'be selective', mentioning that traders should take caution following the strong move over the prior two week. The channel resistance and 61.8% FIB retracement was highlighted as resistance zones and we have since seen the index unwind from a 'near overbought' rating to a neutral rating. The next level of potential support is around the prior breakout zone or just above that at the rising 21-day EMA however we could also overshoot these zone to the downside. We are seeing the index coming under pressure in line with other global markets as bond yields rise, specifically in the U.S where the US10Y is above the psychological 3% level. For now, the theme remains 'be selective'.
JSE:J200
by techpers
South Africa Top 40 Index: Bullish Bias on the 1 hour & DailyOn the daily chart we notice that the level of structure 65797 has been respected, but on the level of structure from 70127 was not respected. Down to the 1 hour chart we find that the same occurs on level of structure which is 68863 is respected but the structure which is from 70557 was not respected only once whereas from the average level of structure which is 69243 was not respected where a retest was also spotted with consolidation as well.
TVC:SA40Long
by demon_hanz0_