STXFIN: some upside potential?A price action above 1700 supports a bullish trend direction. Further bullish confirmation for a break above 1750. The target price is set at 1800. The stop-loss price is set at 1650. Remains just above its 23.6% Fibonacci retracement level. Longby Peet_Serfontein111
STXFin - Do we go for swing highs??Price rallied well off support and now bulls will want to hold it above R1590-R16.10 to attempt a move towards swing highs. The momentum looks favourable in the sector. by Trader-Dan0
Strong gap and drive breakout + bullish engulfing on FINIBeautiful gap and drive breakout + a retest of the resistance line from the other side on STXFIN ETF signaling a strong run from the financial stocks. With a stop halfway through a the gap. with a target at the R18 high. provides a decent risk reward. I'm still bearish on the overall market and bulLongby VillageTraderZA1
Satrix FINI - Downtrend ResistanceSTXFIN is approaching an area of interest... The downtrend resistance has been in place since April '22 I would be cautious on financials unless we recapture the 200dma by Trader-Dan2
Financials could be heading back down.Looking at the Satrix Fini, The recent bounce has merely served as a re-test of the "new resistance". If financials fail to break through this level, we could be in far a much larger leg down so be cautious about getting suckered into rallies. I still believe that we are in "short the bounces" mode.Shortby RobbyP2
SATRIX FINI - Bounce to trendline- STXFIN looking to breakthrough R15.50 again to go test the trendline at R16.00 - Oscillators turning up from oversold -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.Longby Trader-Dan2
SATRIX FINI - Analysis- The STXFIN has hit strong resistance, a downtrend line starting from April this year - It will be interesting to see if the moving averages provide support here else a deeper pullback towards the swing lows will be on the cards. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and sby Trader-Dan1
Satrix FIN ETF 🧐- Price is in a short term down trend and is below the 200 day moving average (black line) - Next decent support is in the R13.30-13.60 zone - Trend remains down while we make lower lows and lower highs -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as finby Trader-Dan1
$STXFIN Satrix Fin. Ominous looking head and shoulders The fund invests in the 15 largest financial companies listed on the JSE, ranked by investable market cap. Head and shoulders formed with the right should on top op the 200 day moving average support line A break of this support could see a price target of 1239. A long way down. by KoosKanmar2
STXFIN: higher highs and higher lowsA bullish trend is applicable above 1630. Crossing below this level will negate the bullish trend. RSI is leaving enough room for further upside potential. Expect some consolidation between 1660 and 1720. Crossing above 1720 might support the price action to reach the target price. Remains a risky tLongby Peet_Serfontein1