$JSEMTNJSE:MTN
Inverted head and shoulders in making.
Neck line around 8950-9000 zone.
Break above will send price towards 10000.
Jsetop40
$JSEBHPJSE:BHP
Trying to break above falling wedge on hourly chart, we had close above.
More strength around here will push price towards 34800 and gap close.
$JSE-AGLJSE:AGL
AGL made double top and confirmed, push bottom of keltener channel, pulled back to 20 ema and today making big engulfing bar, broke yesterday's LOD
Target for the move is 386, SL is 406 today's HOD
$JSE-AMSJSE:AMS
Pulled back towards last break out point yesterday and made potential bear flag.
Could be short down to 1040-1050 area
$JSE-CLSJSE:CLS
Pulled back after results on Thrusday. Made big engulfing bar and rising wedge
Gap still open around 22000. If Rising wedge gets broken will probably go for gap close.
$JSE-CPIJSE:CPI
Breaking flat bottom triangle. Target around 136500.
If that levels breaks there will be double top in plan.
All in all looks bearish here.
J211 INDI25JSE:J211
After false break lower in 2019, index run all the way to the top of the range.
Probably will consolidate now before it tries to break higher.
J200 - TOP40JSE:J200
Strong weekly candle clearing previous resistance.
Next target is 55.000 but will probably higher than that.
$JSE-WHLJSE:WHL
Broke from long consolidation few days ago, did back test yesterday and today and moved strongly.
Resistance is in 5300 area, if it gets cleared next target will be gap close in 5700-5800 area.
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 Allshare shortThe JSE Allshare came off resistance, turning down from overbought levels. Round numbers for a 2:1 reward to risk trade - Short at 57000 with a stop at 58000 and a target of 55000.
$USDZAR FX:USDZAR
Approaching bottom of that triangle.
Wait for break out potential strength coming to #ZAR.
$JSE-SBKJSE:SBK
Hitting some big support, maybe time to bounce form here at least for few days.
On top of that could be false break as well.
