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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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J200 trade ideas

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_
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