TOP40 October was a great month, but....October proved to be a good month, but we are getting close to overhead resistance. Need to keep our eyes on the ball this November & December. Maybe time to lock in "some" profit into strength and consolidate as we anticipate the next set up. Protect you trading commodity (money) always the first priority. This does not mean we can't go higher, just that I anticipate the risk reward to become less as we move closer to overhead resistance.
Indicies
JSE TOP40 Looking like it want to go pacesSome wild daily swings on the TOP 40 in the last couple of days. Longer term however it looks like it building some bullish formations that cannot be ignored. Inverted head and shoulders and now what looks like a bull flag. Let's see where this one is headed.
20190911 Trade idea on China A50 (Update 20190930)Still looking to long....
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20190911 Trade idea on China A50 (Update 20190918)as shown... until trend line breaks
Previous China A50 analysis....
20190912 #2
20190911 #1
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Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
#ALSI From fake moves..........comes fast moves. Trend break and then a fake out. Fake out created some momentum down. PRX & NPN sell off continuing. Weak hands selling after IPO. Normal run of the mill stuff with new IPO's.
#ALSI Bullish within a defined channelMore bullishness possible until we reach the top of a multi month channel.....?
20190911 Trade idea on China A50 (Update 20190912)Don't forget to hit the like/follow button if you like this post ;)
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Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
#ALSI Possible head and shoulders now in the makingNeckline break will give us a target at the bottom of the range