JSE Top 40 Index (J200)
Short Term Outlook
Chart Time Frame: 2 hrs
Overhead resistance at 67081
Has made a second attempt at breaching the upper boundary of the channel with a balance between bulls (buyers) and bears (sellers)
A downside breach of line A_B would see the index trend toward further the mid-point of the channel.
Consider that the index could breach the overhead resistance however failure to maintain upside support following the breakout could see a bearish reversal ensue.
Chart Time Frame: 2 hrs
Overhead resistance at 67081
Has made a second attempt at breaching the upper boundary of the channel with a balance between bulls (buyers) and bears (sellers)
A downside breach of line A_B would see the index trend toward further the mid-point of the channel.
Consider that the index could breach the overhead resistance however failure to maintain upside support following the breakout could see a bearish reversal ensue.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.