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South Africa Top 40 IndexSouth Africa Top 40 IndexSouth Africa Top 40 Index

South Africa Top 40 Index

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SA40 trade ideas

JSE Top 40 Analysis*An extract from this morning's client research* Yesterday’s ultra short term overextended level appeared to be unwinding with the index displaying a bearish close as per the candle structure (long upper wick). Further analysis also reveals the current level to be similar to that of the 4 prior +6% advances which were followed by either a consolidation or retracement back to the rising 20-day moving average. DAILY CHART. Disclaimer: The above analysis should not be considered as a trading or investment recommendation. Disclosure: No position held. In addition to the JSE Top 40, I also provide short term trading analysis on since mid and large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena. For more insights and real-time ideas, get in touch today.
JSE:J200
by LD_Perspectives