JSE JSE is doing a good job of transaction our daily trade and long-term investments and is be a long time JSE performing this work at the end of this year I am see JSE share price going above last year high
JSE trade ideas
Johannesburg Stock Exchange Reasons for execution
1)PWL & PML LIQUIDATED
2)+BOS external
3)0.382 Fibonacci
4)Monthly+ OB
5)1.618 Fib Expansion
Expecting a recovery in JSE.Expecting a recovery in the JSE because since the beginning of last years financial year prices have been steadily declining but also exporting mining companies in the JSE have been exporting minerals at a premium which could be good for earnings numbers. The JSE is consists of a majority of mining companies. The retail sector could also positively impact the JSE.
South Africa and the WorldMain ideas:
The US and South African elections in 2024: The outcome of the elections in both countries will have long-term and pervasive impacts on the markets, especially if Biden wins in the US and Zuma runs again in South Africa.12
The US economy and the war in Gaza: The US economy is booming, but inflation and interest rates are higher than expected. The war in Gaza has hurt Biden's popularity and he is trying to negotiate a peace settlement with the help of the CIA.34
The Chinese economy and the Shanghai stock exchange: The Chinese economy has been struggling for the past three years, mainly due to the property sector bubble and the collapse of Evergrande. The Shanghai stock exchange has been in a downward trend, but the government has been intervening to support the market.56
The war in Ukraine and the role of NATO: The war in Ukraine is a proxy war between Russia and NATO, and it has resulted in a huge loss of lives and humanitarian crisis. NATO has been supplying weapons and aid to Ukraine, but has not yet committed troops on the ground. Putin is fighting for his survival and may resort to desperate measures.78
The South African economy and the coming election: The South African economy has been affected by load shedding, low savings rate, poor service delivery, and corruption. The coming election will be influenced by the ANC's performance, the rise of Mkhonto we Sizwe, and the return of Zuma to politics.910
Some commodities and companies to watch: The price of platinum group metals has declined by one-third this year, but may recover as the commodity cycle turns. The price of gold has also been falling, but may be at a cycle top. Bitcoin has been volatile and faces regulatory challenges. Some companies that are worth considering are Barloworld, Sibanye, and Purple Capital.1112
Our opinion on the current state of JSEThe Johannesburg Stock Exchange (JSE), listed on its own platform, serves as a securities exchange facilitating the trading of shares, bonds, and derivatives. With approximately 320 listed and quoted shares, it stands as the largest stock exchange in Africa by market capitalization and ranks 17th globally. Historically, the JSE has been consistently profitable, largely due to its former monopoly on equity trading in South Africa.
However, in 2017, several competing stock exchanges were registered and licensed to trade equities in South Africa, with the A2X emerging as the most notable competitor. A2X has attracted a growing number of listings, including major players like Naspers and Standard Bank, and claims to offer trading at significantly lower costs compared to the JSE. Responding to this competition, the JSE has reduced its costs, yet still maintains a dominant market share of 99.7% in South Africa.
Benefitting from increased trading volumes amid the volatility of COVID-19, the JSE remains a relatively stable investment, well-capitalized and trading at a P/E ratio of around 11.23. Although significant competition from A2X may take time to materialize, it is steadily gaining ground.
In its financial results for the year ending 31st December 2023, the JSE reported a 12.2% increase in headline earnings per share (HEPS) and a return on equity (ROE) of 19.4%, with revenue up by 6.2%. The growth in revenue was supported by diversified business segments and asset classes, including Information Services and JSE Investor Services (JIS).
Despite concerns over a steady downward trend in its share price and a reduction in the size of the JSE due to delistings surpassing new listings, the share has been moving sideways for the past three years. It remains a relatively secure blue-chip investment, though impacted by COVID-19 and local economic mismanagement.
JSE: recovery price action?A price action above 8550 supports a bullish trend direction. Crossing below this level will be the first sign of some weakness.
Increase long exposure for a break above 8710.
The target price is set at 8960 (its 38.2% Fibonacci retracement level).
Might see an overshoot to its 200-day simple moving average.
The target price is set at 8300.
Remains a risky trade.
JSE 40 Index | Daily | Speculation Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts.
Now looking to the right, we can take note that the JSE has been hovering/consolidating on our 8,988 level for the past few days ahead of this weeks CPI, PPI & SARB Interest Rate announcements.
Looking further to our right we can expect the JSE to push up from 8,988 to around 9,843 or 10,017 before heading down to 8,229.
Else we can expect the JSE to just tumble down to 8,229 if it closes below 8,988.
Potential Market Movers:
CPI (MoM) - Apr :: 24 May 2023
PPI (MoM) - Apr :: 25 May 2023
SARB Interest Rates :: 25 May 2023
JSE Rocket Launch | Bullish OptimismJSE appears bullish on the daily chart; the price is anticipated to fall for a pullback or it can also rise above the 9756.
A lot of sentiment is in this chart, which is best followed by fundamentals as there are developments around it. It has the potential to increase to extreme levels, so monitoring is required.
The price is currently within a nested demand zone, so pressure or momentum strength indicators (OBV) will play a vital role.
Two price targets for a bias of 11826
JSE - Higher lows- Not a very exciting stock as it trades in a massive range
- The chart is printing higher lows since June 22' and could possibly push higher here but its likely to be a grind.
- I would look for pullbacks to enter a position , somewhere closer to R105
JSE showing signs of strengthJSE has been in a descending triangle pattern since march 2022 which broke to to upside earlier this month, today we are seeing the retest of the R108.00 breakout level
and if this holds we can see bulls start moving higher to eventually test R116 resistance
JSE Going upGoing up, take a good look on the BCI on monday for a close above 11257.00 to take a run up to 11803.00 on the JSE but a loss will result in a dip move to 11257.00... wait for the BCI results n trade
JSE HOING UPIf the BCI comes with a great value the JSE will see a rise to 11803.00, but if the results comes out worst it will see a loss down to 11109.00, so wait for a bullish confirmation n buy to 11803.00 , where else on the other side wait for for a rejection on that11257.00 price level n then a confirmation and sell yo 11109.00, if you are trading JSE be sure to take this into consideration
JSE supportJSE been trading sideways for a while now. Currently trading on support at the R100 level. If it can hold this area of support first target will be R110 and after that R125 area.
Trade ideas are my own and not financial advice.
JSE Rise | HL FormationsHi
A series of HH and HLs seem to happen here, and the 12250 and 12500 are the price targets.
'Candle open and close' seem to be the best way I could assume the trend on this one.
So the USDZAR is probably very bearish.
Happy Trading...
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; -it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
JSE PRICE PREDICTIONPrice is still on THE CORRECTION before it goes bullish but when it buys it won't buy for too long meaning it's a short term prediction for SHORT TERM INVESTMENTS
JSE: volatility squeezeVolatility squeeze might result in some upward potential for the share.
A price action above 10100 supports a bullish trend direction.
Furthermore, a price action close and above 10200 also supports a sudden temporary correction.
RSI leaves enough room for further upside price potential.
JSE - Long Idea- The share has sold off to an area of horizontal support
- Stochastics oversold on the weekly
- First level to watch will be R106 zone , above this area bulls will gain momentum towards the 200day moving average around R115
- Below R98 will negate the idea
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
is the JSE going to break the 6 year trend??Some good upside might be on the cards. The JSE has been losing steam since 2015. We might be in for a good dividend in March if we see some weakness in the rand for the 2nd half of the year.
Johannesburg Stock Exchange JSEThe South African economy has tainted JSE stocks and led to a delisting of hundreds of stocks over the years.
This sentiment has affected the JSE share price negatively as more investors shun the bourse. Prior to this, the share price was stuck in a trading range of between (R110-R130) - made for some nice predictable trades in that time.
But now, the JSE has broken downwards out of that range and could test previous supports of +- (R104- R94)
Worse case scenario it breaks much lower and retests March 2020 lows of R84-R85
What I'm hoping for is a retest of previous support now resistance (R109) and then the next resistance zone of R120.
Trading targets
(Starting at R104) The share is currently in a downtrend, and may test R100 again before the next bounce up. I will l enter half of my money now at R104 and the next half at R100 - To minimize risk.
The risk reward isn't as attractive as I would like, there is more downside risk than upside potential, which makes this a much riskier trade, but im still willing to test the waters, as I'm strictly using profits from previous trades.
Take Profits:
First target = R109 ( 4.5% gain)
Second target R120 (15% gain)
Cut Losses:
Stop loss 1 = R95 (8.6% loss)
Stop loss 2 = R85 ( 18% loss)
Disclaimer:
This shouldn't be misconstrued as investment advice, always seek out a professional financial adviser before making any investment decisions.
Bearish symmetrical triangle on the JSEWe have a nice symmetrical triangle on JSE. Looking quite bearish the moment. The resistance held yet again. Waiting for a break to the downside. The exchange has quite a few delistings
JSE Moving to Support LineThere is an active resistance at 11820 with a 21 MA and it seems price is falling towards support 10295.
Thank you, -have a pleasant day.
All of my market shared technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content. At this profile page, the analysis, ideas and also, the strategy of a chart belongs to Khiwe; -it is not to advice on financial markets; please apply your own analysis and confirm it with price action.
