Jse_top40
J211 Industrial 25JSE:J211
Trading in well defined up channel. Break bellow will bring more weakness.
$JSE-SHPJSE:SHP
Closed bellow 15000 yesterday.
If it holds bellow target is around 12500-13000 area.
J212 Financial indexJSE:J212
Currently range bound with big support around 16350. Break bellow will put bears in charge.
On the upside resistance at 16850 above that bulls are in charge.
$JSE-SLMJSE:SLM
Testing strong resistance at 80.00.
Clear sideways consolidation. Break up will bring more upside.
$JSE-MTNJSE:MTN
Currently pulling back to back test resistance now support around 10600 area.
Target still around 11800.
Clearly defined up channel made and will probably respect it for days to come.
$JSE-FSRJSE:FSR
Stuck in sideways consolidation from around September 2018.
Break above when/if it happens will open target around 8000 some 15% higher.
$JSE-VODJSE:VOD
Manage to close above sideways consolidation.
Target for break out should be around previous high at 13500
$JSE-BTIJSE:BTI
After initial and strong move up, $JSEBTI was consolidating is something that looks as bull flag.
Today we had strong break out on big green bar.
Target for this move according to AB=CD is around 68000.
$JSE-TKGJSE:TKG
Great example of "From false moves comes fast moves"
or
"Buy on rumors sell on fact"
In both cases $JSETKG is ready to go down.
$JSE-CFRJSE:CFR
Making flat top triangle. Area around 11200 will act as resistance.
If it breaks above more upside.
$JSE-LHC weekly chartJSE:LHC
Hitting some serious support.
Will it hold or next leg of downside coming, and could be big.
BRITISH AMERICAN TOBACCO (BTI) 4-HOUR TIMEFRAME LONGThis stock has just broken out of a descending channel (bullish flag pattern), and is rallying towards the weekly descending trendline. Therefore, we should see much upside towards the 58 000-60 000 are. The technicals of this trade are as follows:
STOP LOSS: 52 000
TARGET: 60 000
