JSE: Some downside?Will that downward price momentum support the price action back to its 200-day sma.
At a key pivot point. See the trendlines.
JSE trade ideas
JSE - Resistance down trendline- Price is reaching a major down trendline
- Will look to see sellers stepping in here
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE LIMITED NEUTRALThe JSE ticker is currently testing an upward trendline from the weekly chart. If prices respect this trendline, we can look at potential buy trades. If price breaks below this trendline, we can look to short this market.
JSE:JSE Declining Trend ContinuesJSE has been following a declining trend in a series of stepping stone redistributions. We have again had a test of the previous breakout level and the downtrend is set to continue. There is significant volume on down bars and divergence with the volume RSI.
JSE LtdJSE Ltd - consolidation to break shortly?
- MACD positive
- RSI breaking up - now 55
- Bull flag
- 200-day at 14058c
$JSEJSE - Stiff resistance up aheadJSE coming up against some stiff resistance after losing TL support. There is a small gap to fill higher up though should it manage to push higher.
$JSEJSE Bull flag break - Adding to positionAdding to current position. Targets 13660, 14211. Stick to a stop loss if we break back into the flag.
$JSEJSE Looking for a bull flag breakWaiting for this flag to break to add a second batch to current position.
JSE - Potential Move HigherWe may derive the following from the Weekly JSE chart:
1. Price has found some support on the weekly channel bottom.
2. It is possible that price may move higher and test the channel middle/high.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
$JSEJSE Bull flag developingAdd half as close to the bottom of the flag and another half position when the flag breaks. Targets 12970, 14200. Stop loss if price pierce bottom of flag line on a daily close.
Bullish falling Wedge on JSE LtdNot the most liquid of stocks, but I'm closely watching that falling wedge pattern, a break of which could target R140 and above.
JSE Ltd - Trade IdeaBuy/Long JSE Ltd
Stochastic indicator pointing to a short term recovery.
Price has held the R118 to R120 support level and looks to be lifting off it.
Trading Levels:
Buy JSE Ltd at 121.50 (or better)
Stop-loss: 116.70
Take Profit Target: 128.00
JSE Ltd - Trade IdeaBuy/Long JSE Ltd
Stochastic indicator pointing to a short term recovery.
Price has held the R118 to R120 support level and looks to be lifting off it.
Trading Levels:
Buy JSE Ltd at 121.50 (or better)
Stop-loss: 116.70
Take Profit Target: 128.00
$JSEJSE - Nice candle, but still below supportJSE had a good bounce, but not quite out of the woods yet..
JSE looking increasingly bearishWhen looking at a chart of the JSE Ltd , the technical indicators are looking increasingly bearish.
At current levels, the stock is also at a good level to sell and open short positions. But let's analyse the chart in more detail.
The first thing to note is that there was strong support at R148.00. The stock has now thoroughly broken through that level.
All three EMAs are in a bearish order and the MACD is trading in bearish country, indicating that a bearish trend is in force. The Slow Stochastic indicator is currently at 32, well below the 50 mark which tells us that there is weakness in price strength.
JSE is thus not looking healthy and more downside should be expected.
Action: Place a Limit order to SELL at R142.00 with a Stop Loss set at R156.00. I will aim to take profit at R128.00 and R120.00 respectively.
Could this be a #Naspers effect on JSE Ltd?Would be interesting to see what effect #Naspers's secondary listing of it's crown jewels (NewCo) will have on the JSE's turnover?
Share trading a very dangerous technical levels.
