AG Capital -Storm trading Morning Call 1 September 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.
J200 trade ideas
AG Capital -Storm trading Morning Call 31 August 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 27 August 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.
2000 Points on the Table for JSE Top40SATop40 Likely to see correction in the week ahead and this week showed a possible rejection of 63800 area.
AG Capital -Storm trading Morning Call 20 August 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 18 August 2021 - TENCENT 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.
ALSI/j200/TOP40 daily chart bull flag breakoutALSI/J200 held support into the 59000 mark with positive RSI divergence 2 weeks ago,
Right now we it is trading at the upper end of this year long consolidation with a Bull flag breakup happening today
A close above 63000 today confirms the breakout.
Reward to risk 2.5 : 1
J200In-between the major range that has been running for months we may well be seeing a medium term market top (which many have been calling for with inflation fears and Chinese regulators clamping down) in the making... Are we seeing a crude megaphone pattern forming?
J200The J200 has been quite lackluster for a while now, it is still rangebound between +/-59000 and +/-63000. 62000 has been capping gains quite aggressively and is a very important level. It remains a sit and wait type of market for now, this coming week or so may well give it some direction.
Main view, Range tradeMain view on J200, range stays intact unless a daily close below 59000 occurs, high risk to reward long here in the buying zone targeting +/- 63000
SOUTH AFRICA TOP 40 INDEX -30- TVC Profitable Deals Not a Lot Of Indicators
Good Analyse = 85% Easy Money
You can text me for a business
TOP 40 INDEXJSE -1D- J200 Profitable Deals Not a Lot Of Analyse And Indicators
Good strategy = 80% Easy Money
You can text me for a business.
Great Long in South-Africans Stocks IndexImportant breakout of the daily resistance and range. A bullish continuation pattern is expected to 1st TP and 2nd TP
JSE TOP 40 Longer Term ViewThe monthly chart certainly points to a longer term outlook, but in my view, a serious look at the bigger picture now is absolutely vital.
The JSE TOP 40 (#ALSI) has roughly doubled in value over the past 12 - 15 months or so and will, as I see it, now face an uphill battle to continue in that way. Apart from the fact that it seems that the price chart sits on the top line of an enormous megaphone, also called the Jaws of Death, a lot of technical indicators, of which two are shown here, support my view. The MACD has lost momentum quite seriously and might not be far away of taking a turn down. Also supporting this is that we are seeing a third shorter histogram already. On the Stochastic indicator the %K line has also already penetrated the %D line to the downside. To add insult to injury from these two indicators both of them are sporting a bearish divergence with the price line as well.
Even if price action to the upside in the immediate future makes it seem that there is nothing to be concerned about, I am of the conviction that the TOP 40 could be in for a rough and sustained ride to the downside, eventually reaching targets few people might at this stage see as a possibility.
JSE:J200 Looking WeakAs indicated in the post linked below I a break of the trendline could start the markdown. We have now seen this break and a backup to the breakout level. The break occurred on some volume and the attempt to recover could not break the 50Day SMA and could not stay above 60000. This looks very weak and this could be the start of a markdown.
ALSI/J200 Daily bearish FlagJ200/ALSI has been rejected by its 50dma with a bearish flag formation, Target 200dma
Reward Risk 3:1
TOP40: mean reversion trade?A price action above 59800 favour a bullish trend.
Upside price momentum supports the bullish trend.
A price action close to the lower range of the linear regression channel increases the likelihood of a mean reversion trade.
Target: 62700
Stop-loss: 59800
J200 Alternative ViewWill we see support come in at 200dma at +/- 57000, or can we see a full target reached at +/- 55500?
MONEY OR THE BOX?- JSE Top40, take your pickThere's two ways to play this.
MONEY:
If you are long Top40 now would be the time to take the money and run. Wait for better levels to get back in. (You heard it here first)
THE BOX:
Short the TOP40 CFD or even the ALSI for at least a test of the bottom of the consolidation box. The move is largely driven by pressure on Naspers and our resources stocks but a re-test of the bottom of the highlighted area would earn you over 1500 points on the index.
JSE:J200 Effort Without ResponseThe Top40 has been on the rise since the covid lows, however, we can now see some cracks and we could be in for a correction back to 53000 for the rest of the year. My reasoning is as follows:
- The buying climax (BC) of the latest trading range could not make it back to the overbought line showing a lack of interest.
- Divergence on the RSI leading into the BC shows the interest to push higher is gone.
- The effort (increase in volume) with each attempt to push higher could not make higher highs.
Based on this it looks like that a break of the trendline could open the path for a drop back to 53000
J200 (Top40): aiming higher?Upside price momentum supports the bullish trend direction.
Bullish trend above 59956.
RSI leaves enough room for further upside price potential.
The red and blue parallel lines are the 200-day linear regression channel pattern. A price action close to the boundaries increases the likelihood of a correction
J200 Analysis With all the tension happening in the US stock markets it could have a severe impact on South African markets as well. This is an analysis of the JSE TOP 40. If inflation goes up enough in American markets the federal reserve could take actions to raise interest rates, meaning higher rates reduce stock valuations because why? They weaken the present value of future cash flow of companies traded. And as we all know the US market effects all markets.
Disclaimer: This is not investment advice just a light warning and please invest with caution!
Best of luck.
