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Johannesburg Stock Exchange JSEThe South African economy has tainted JSE stocks and led to a delisting of hundreds of stocks over the years. This sentiment has affected the JSE share price negatively as more investors shun the bourse. Prior to this, the share price was stuck in a trading range of between (R110-R130) - made for some nice predictable trades in that time. But now, the JSE has broken downwards out of that range and could test previous supports of +- (R104- R94) Worse case scenario it breaks much lower and retests March 2020 lows of R84-R85 What I'm hoping for is a retest of previous support now resistance (R109) and then the next resistance zone of R120. Trading targets (Starting at R104) The share is currently in a downtrend, and may test R100 again before the next bounce up. I will l enter half of my money now at R104 and the next half at R100 - To minimize risk. The risk reward isn't as attractive as I would like, there is more downside risk than upside potential, which makes this a much riskier trade, but im still willing to test the waters, as I'm strictly using profits from previous trades. Take Profits: First target = R109 ( 4.5% gain) Second target R120 (15% gain) Cut Losses: Stop loss 1 = R95 (8.6% loss) Stop loss 2 = R85 ( 18% loss) Disclaimer: This shouldn't be misconstrued as investment advice, always seek out a professional financial adviser before making any investment decisions.
JSE:JSELong
by TalkingCents
3
JSE:NPN NASPERS Do Not Get Sucked into Yesterdays RecoveryWe have been following the markdown of Naspers - see posts below. Yesterday there was a sharp recovery but one should not get caught up and think it is time to go long. Naspers remains week and the current bounce is just a retest of the yearly pivot levels. Naspers remains weaker than the market and there are no indications of a recovery. The bounce may indicate a consolidation range is starting, but it still looks like more weakness to come.
JSE:NPNShort
by SteynTrade
2
Impala platinummarket is in a strong bullish trend with no divergence on the MACD on the monthly, Trend line was broken on the weekly that indicates a correction in the market before we see the next leg higher which could possibly be the last impulse move in the stock before entering into a bearish market cycle.| Ill wait for the correction on monthly to play out s we already see on the weekly support being established at current market price, in the short term will see bullish price action and then a quick wave down towards 20000 and then going towards the 35000 at which ill get out of this market, this could be by early 2023 or late 2023 when the FED announces its taper stocks will then enter a bear market for the until the fed stopped hiking interest rates. Enjoy the last couple of years in a bullish stock market, rates are ging higher and stock prices will need to adjust
JSE:IMPLong
by MiWealth
1
Bullish Flag on Purple GroupJSE:PPE had a nice upward rally at the beginning of June followed by a slightly downward consolidation period. Because of these moves, we have seen the formation of a bullish flag pattern. A bullish flag is a continuation pattern, therefore the expectation is that the price will continue upwards once the breakout has happened. So far this morning a breakout has occurred, but I may be inclined to wait until Monday before entering a long position. If you take the length of the "flagpole" into account the target for this trade should be around 190.
JSE:PPELong
by RossLarter
Analysis on JSE:BHPWe could see a possible correction soon on BHP and thus resulting in a short posistion we can take on BHP in the following days. Also with the economy not looking so good at the moment with the looting and destruction that took place this could be a chance to take a short position on stocks traded on the JSE and profit during the chaos. Best wishes to all investors and traders! Disclaimer: This is just my opinion, you must take risks for your own trades. This is just a mere analysis on the stock from my point of view.
BShort
by Driesman743