ALSI Top40 daily at support againALSI has tested its One year moving average for the 3rd time this year which also confluences with lateral support off the 63100 price level
this level offers good Risk to reward for swing traders
J200 trade ideas
J200 ALSI bears remain in full controlJ200 trading below its 1 year average and looking technically bearish for further downside
j200 ALSI bears in Cruise controlJ200/top40 showing Continued weakness today after yesterdays 1.5% selling with today price action confirming a bigger double top breakdown.
Roll over Beethoven- Top40The Top40 certainly seems to be rolling over as small rallies are being sold. It also looks as if the 50 day moving average is acting as a resistance level which is also evident in today's price action. Momentum indicators have all started to turn lower so it look a good opportunity to cash in on some downside... I think there's at least 2500 points up for grabs in the next 2 weeks
j200/top40 Bulls desperately defending LIS 68150ALSI bulls doing whatever they can to hold this 68150 support level.
failure below 67950 see's more downside to 67250
TOP40 index: further upside potential?A bullish trend is applicable above 68300. Crossing below this level will negate the bullish stance.
Upside price momentum supports the bullish trend direction.
RSI leaves enough room for further upside price potential.
Broadening top pattern applicable.
MACD bullish crossover also supports the bullish trend direction.
ALSI/Top40 support + 200dma confluenceon the Daily chart :
200ema + lateral support at 63250 is always a place to buy when given the opportunity,
nice and simple.
JSE Top 40The Top 40 Index approaching a level of support at the previous breakout level; which level is also coinciding with it's 200dma.
We currently about -10% off the highs; a further -10% drop will 'officially' take us into a bear market!
South Africa Top 40 Index: Bullish Bias on the 1 hour & DailyOn the daily chart we notice that the level of structure 65797 has been respected, but on the level of structure from 70127 was not respected. Down to the 1 hour chart we find that the same occurs on level of structure which is 68863 is respected but the structure which is from 70557 was not respected only once whereas from the average level of structure which is 69243 was not respected where a retest was also spotted with consolidation as well.
ALSI/j200 TOP40 index 2hour channelthe ALSI bulls have done well to hold the longer term up channel support at the 68875 level,
however only a solid close above 69500 will confirm if the buying was enough to
to take this index to a new ATH,
on the flipside a solid close below 68800 can see the bears take the prices down to 68000
*Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
Im going down for this 2 hoursSA40 IS overbought i think it can go downside. Yestday we Went down as well....After hours ti shoot up...i think it gonna continue with the same momentum
AG Capital -Storm trading Morning Call 26 JanuaryWe give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
J200 Long Punt on hourly chartLooking for J200 to trade down into the 66500 to 66200 area to take a long punt on the hourly chart. Looking for a reversal in that area to enter the trade.
Trading in oversold extremes on the hourly.
Will bail on the trade if it starts trading below 66000. Looking to set trailing stop once the trade becomes profitable.
#TOP40 Now Toppish?The JSE TOP40 certainly is still channel bound but with (currently) a first small appearance of a red histogram on the MACD, as well as clear divergences with several technical indicators, will it be able to hold its course? I have serious doubts with many others things also calling for a change of direction, especially TheDawieSetup.
JSE Top 40 Analysis*An extract from this morning's client research*
Yesterday’s ultra short term overextended level appeared to be unwinding with the index displaying a bearish close as per the candle structure (long upper wick). Further analysis also reveals the current level to be similar to that of the 4 prior +6% advances which were followed by either a consolidation or retracement back to the rising 20-day moving average. DAILY CHART.
Disclaimer: The above analysis should not be considered as a trading or investment recommendation.
Disclosure: No position held.
In addition to the JSE Top 40, I also provide short term trading analysis on since mid and large cap JSE stocks including but not limited to FSR, SOL, MTN and AGL. In the offshore space, I focus on, but not limited to, the S&P 500, Nasdaq 100 and EuroStoxx 50 while also tracking USDZAR, EURUSD, DXY, USDJPY and AUDJPY among others in the FX arena.
For more insights and real-time ideas, get in touch today.
JSE Top 40: 4 Angles- Bollinger Bands
- O/B and O/S Bull Bear zones
- Distance vs 20-day MA
- 50% and 61.8% FIB Retracement Levels (Preferred Action Zones)
Full analysis available on request. For more real-time insights and trade ideas, get in touch today.
LONG JSE ALSI 40 - Christmas RallyAre we up for a Christmas Rally?
Strong uptrend, broken out of Cup and Handle formation and positive correlation with RSI. Looks good for upside
Do you agree?
#JSE #ALSI #christmasrally #stockmarketrally #december rally
AG Capital -Storm trading Morning Call 8 December 2021We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
AG Capital -Storm trading Morning Call 2 December 2021We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
SOUTH AFRICA 40 SHORTSSOUTH AFRICA 40 SHORTS. We are bearish on weekly and daily timeframes so we look for sells. Has potential to run alot further.
AG Capital -Storm trading Morning Call 30 November 2021
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
AG Capital -Storm trading Morning Call 19 NovemberWe give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
