Jsetop40
Naspers Key Resistance LevelThe Resistance level of 255942 has lined up with 2 previous resistance levels as before shown by the red arrows drawn.
I think a break above this level would signal we headed for new highs, if we reach this level and fail to break above i think we might see a retest at the bottom of the upward moving channel.
SA40 J200 TOP40JSE:J200
Closed yesterday below neckline for double top but made big wick.
Today is crucial day to see if down trend will gather momentum.
Be safe out there.
SA40 J200 TOP40JSE:J200
Roll over on hourly chart.
Trying to hold neckline for double top but will be very difficult.
$JSE-SPPJSE:SPP
Testing support in 18000-18100 area.
Break bellow will probably open 16500 as next target.
With second target around 15000.
J210 -RESI10JSE:J210
Trading in well defined up channel for few years already. Had one false break above and as old saying goes "From false move comes fast move" we can expect it go to the bottom of the channel.
On top of that there is clear double top with neck line been tested and just hold on Friday.
$JSE-BIDJSE:BID
Broke trend line from December yesterday and doing back test today.
More aggressive traders can short on the back test, for the others wait for 29500 or there about to break.
Target is around low from December at 26000
$JSE-VODJSE:VOD
I know most people will jump and say how head and shoulder is pattern valid only at market tops but I'm posting this chart here.
If it plays out target around 9600, or if you want to be safe 10000 would be good bet.
Big red engulfing bar today.
JSE:J200 Market Has TurnedLast week high volume pre-warned the decline that has started (see post link below). This indicates a good time to look for shorts.
$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-MNPJSE:MNP
Made fake beak out few days ago and now back to sideways consolidation.
There is small double bottom with neck line around 31800.
If double bottom plays out target will be around 33800.
