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Jsetop40

$JSEMNPJSE:MNP Developed falling wedge from December 2018 to Novembr 2019. At the begining for November 2019 broke above with projected target in the zone between 38000/38500 In mean time it went down and back tested falling wedge in January 2020. There is smaller cup and handle pattern that developed over last two months. Target for that pattern is around 37000. If $JSEMPN breaks above 33250/33300 and close above cup and handle will confirm and first target around 37000 will be in play. Second target should be falling wedge projections around 38000/38500 area.
JSE:MNP
by ALSITRADER
ADCOCK INGRAM HOLDINGS (AIP) SHORTThough it possible that we might see the prices move up towards the descending trendline, it is also probable that once prices break the 5 200 pyschological level, more sellers will enter this market. Prices are below the 200 exponential moving average on all major timeframes, signaling a bearish bias. The market could likely open with a gap down considering that they closed at such a price (5 200). Sell: When the price breaks below the 5 200 psychological level, or when the price rejects the descending trendline. This trade will be null and void if the price breaks above the descending trendline and continues to make a series of higher highs and higher lows.
JSE:AIPShort
by munyaelliott