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Jsetop40

JSE Top 40 LONG analysis still in check to 85,633Look I don't care whether the market rallies or falls. We trade either way and follow the trend. But on bigger time frames, it states and shows us what is rather than what the media and Jim Cramer says. And right now, the long analysis still applies for a few reasons. 1. W Formation, broke out and now going to test support 1 (Safety line 1) 2. Price<20 but still above 200MA which states the market is in a bull market. 3. If the price breaks below the safety line 1 it could go to 68,000 before it turns up again. So all in all the analysis still has a weird up target to 85,633 on the daily chart. And the market is still up 2.40% for the year - So it's not all bad babies.
JSE:J200Long
by Timonrosso
JSE Top 40 setting itself for great upside to 84,346Cup and Handle has formed since September 2023. We are waiting for an imminent breakout. With the new cabinet in play, stronger rand and weaker US Dollar with Granpa Biden bringing the US down. We are in for a potential rally with the JSE. Question is, will the AMerican markets lead the JSE too? When the US dollar weakens, we generally see a rally in their markets - which is great. High Probability analysis as the Price>20 Price>200 Extended uptrend has shown demand and buying being stronger. Target 84,346 LONG opportunities coming our way.
JSE:J200Long
by Timonrosso
JSE 40 Index | Daily | Speculation Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts. Now looking to the right, we can take note that the JSE has been hovering/consolidating on our 8,988 level for the past few days ahead of this weeks CPI, PPI & SARB Interest Rate announcements. Looking further to our right we can expect the JSE to push up from 8,988 to around 9,843 or 10,017 before heading down to 8,229. Else we can expect the JSE to just tumble down to 8,229 if it closes below 8,988. Potential Market Movers: CPI (MoM) - Apr :: 24 May 2023 PPI (MoM) - Apr :: 25 May 2023 SARB Interest Rates :: 25 May 2023
JSE:JSE
by mosa_moshka
JSE to hopefully break above the Vuvuzela formation T to 75,000This week I remain an optimist that we will see a higher low with the JSE. And it will soon (not sure when) break up and out of the long extended Vuvuzela formation. Once it does my first short term target will be to 75,000. Every year it seems the JSE is testing traders more and more. Some fundamental news: Someone asked about what happens with the Interest Rates staying put last week in South Africa? Here are my thoughts... In the short term it's normally a bullish sign as it will stimulate economic and GDP growth. It's cheaper for businesses to borrow money. On the other side the interest rates are still very high and in the medium to long term, this will discourage spending and will encourage savings as there is a better ROI keeping money in the bank... As traders, we react on the short term and hopefully with the interest rates on hold, it will push up buying and demand. Then we can get our rally we've anticipated for the last 7 months. I'm starting to feel like Clive Roffey, where you see the impending upside, but there are just no confirmation catalysts to boost it.
JSE:J200Long
by Timonrosso
2
The JSE ALSI 40 - Boy who cried BULL again! Target 80.384The JSE ALSI 40 has been moving in this large somewhat frustrating Symmetrical Triangle since December 2022. I've been bullish with the index and have expected it to break above the apex by now. But the triangle just keeps on moving in its consolidation sideways range. Thing is, the up signs are showing. This market wants to fly up and the rest of the international markets are holding it down. But now with the breakout above the Falling Wedge with the S&P 500 and Nasdaq, maybe we can get our push up finally. Other indicators confirm upside to come Price>200 - Bullish - 7 needs to cross above 21 thought RSI>50 and higher lows are being formed. Target 1 is now moved to a higher 80,384. Can we get our breakout now. Us breakout traders have been patient enough...
JSE:J200Long
by Timonrosso
JSE ALSI Setting itself for upside? Maybe we don't sell in May?!JSE ALSI 40 - Cup and Handle seems to be forming on the ALSI 40, We need to wait for a breakout to the upside. Price >200MA RSI>50 Target 79,178 I prefer banking money when markets go up than down. So this might be the saviour for May with the JSE ALSI! SMC: We have a Sell Side LIquidity area below the new Handle. This is where Smart Money has come and swept through selling (Long traders stop losses) and (Short traders entries). They have bought into these orders, which is pushing the price up. Super bullish signs from the big boys.
JSE:J200Long
by Timonrosso
2
JSE ALSI showing strong upside thanks to China & January EffectJSE has been forming a fantastic Cup & Handle since March 2022. The price broke up and out of the brim level and I want long and bought it. 7>21 (Bullish) Price >200SMA (Bullish) RSI >50 (Green back) Bullish The first target is 83,209 It seems like despite the economic crisis with load shedding, water outages - The rand has gone up a bit since inflation slowed at 7.2%. Naspers and Prosus are also helping the JSE head on up with the run up on China since the Covid restrictions. I guess the January Effect is still strong and we should continue seeing upside to come - touch wood. Trade well, live free... Timon
JSE:J200Long
by Timonrosso
DRD Gold perfect for the picking to R14.12Cup and Handle has formed on DRD and is looking pretty good. There has been a retracement where it will be testing the uptrend as well as the Brim level on the Cup... Also Moving Averages have crossed up with 7>21>200 Fundamentally, I am bullish on gold in the medium to long term. Despite the interest rate hikes, the chart is neglecting them and is showing the price wants to trend up. Mostly because investors are losing their faith and trust in crypto and they'll be investing in safe havens like gold. If you see here the chart is screaming a buy... Target R14.12
JSE:DRDLong
by Timonrosso
Bidcorporation still in the Twilight-zoneIt definitely can seem tempting to buy (go long) a stock like Bidcorp as by theory it's broken above the Cup and Handle pattern and the moving averages look great 7>21 >200. However, it's also good to look at the broader picture of price action. Bidcorp has been moving in a sideways rectangle formation since February 2021... I think only above R30.00 will give me some semblance of hope of a new bull run... Until then, I'm hesitant to go long.
JSE:BID
by Timonrosso
2
IMplats long after a extended sideways move Target R259.69Cup and Handle has formed on Implats. The price has broken out and is meandering sideways before the next move up. Platinum companies as well as the precious metal is setting itself for great upside as investors and instiutions are piling their funds into the metal as a form of safe haven... We are going old school right now where the old ways work better than investing in unstable Cryptos... More bullish signs 7 > 21 > 200 Target R259.69 Bullish
JSE:IMPLong
by Timonrosso
A Santa Claus Rally for the JSE in 2022? What is expected from a Santa Claus Rally? The Santa Claus rally, is essentially where we see stock prices locally and globally rise and close off positively by the end of December. And so, we can expect a rally in December which we can all profit from… Why December? We aren’t 100% sure but we have some speculations on why the market tends to rally… #1: Investment managers cut down on their taxes This is the time when you’ll see investors and investment managers, selling their stocks to lock in tax reductions before the end of the year. Once they sell their positions, they then buy other stocks and markets that they believe will rally in the next year. The buying of these stocks, leads to a rise in stock prices which pushes the stock market indices up. Theory #2: Investors enjoy their bonuses by buying into investments Investors also like to spend their bonuses on investments like stocks… And when they buy, demand picks up. And this leads to higher stock market prices. Speculation is one thing. But nothing confirms a Santa Claus Rally more than proof in the charts… The JSE has gone up 14 out of 19 Decembers! What you see, is the monthly JSE-ALSI stock market chart since 2003… Looking at the chart you can see how each December (Vertical blue line) performed from 2003 up ‘till 2021 Year Gain/Loss Year Gain/Loss 2003 : 7.39% 2004 : 1.28% 2005 : 6.84% 2006 : 3.90% 2007 : -4.99% 2008 : 0.51% 2009 : 2.62% 2010 : 6.69% 2011 : -3.26% 2012 : 2.72% 2013 : 3.27% 2014 : -0.53% 2015 : -1.15% 2016 : 0.48% 2017 : -1.33% 2018 : 4.63% 2019 : 3.51% 2020 : 3.83% 2021 : 4.66% So, there’ve been 14 out of 19 Decembers (74% win rate) that have shown positive gains. And in total, the JSE has accumulated 41.07% gains in all of those Decembers. This means, you have a higher chance of profiting from buying this Christmas than selling. And right now, this December the JSE ALSI 40 is already up an insane 14.48% gain. And I am seeing no signs of a slow down yet… I guess a Santa Claus rally is more likely than not, but we have had three to four winning years in a row... Things are looking good for now but the month is young... Do you think we will have a JSE Santa Claus Rally? Let me know. Trade well, live free. Timon MATI Trader
TVC:SA40Education
by Timonrosso
1