LONG SA40SA40 has potentially found support as it has entered oversold territory and formed Higher Low point in a bullish channel. Buying at current 75600 will potentially yield 5000 points to 80000 and new all time high
A lower high formationThe index may be en route to forming a new lower due to being pushed a bullish pullback!
JSE 200 next target up to 85,321 thanks to 3 Bullish signalsHigh Probability Analysis has lined up with the J200 (JSE Top 40)
We have three bullish confirmation signals including:
1. Up channel (Between the two ray trend lines)
2. Cup and Handle (Wait for break for complete confirmation)
3. Price>20 and 200MA
Target 85,321
Great for upside and buying
J200 Pre-Open Market Analysis [24 OCT 2024]THE GUIDELINE THEORY STRATEGY
How To Trade Support and Resistance
J200 Pre-Open Market Analysis [24 OCT 2024]Guideline Theory Study
How to trade using the support and resistance, risk management
Why we always widen our stop loss when DAY TRADINGVery important and basic rule with Day Trading.
Always increase the stop loss when going short (sell) above the original stop loss.
Always decrease the stop loss when going long (buying) below the original set stop loss.
Reason: When the index touches the ASK or BID price (regardless of it actu
JSE Top 40 LONG analysis still in check to 85,633Look I don't care whether the market rallies or falls. We trade either way and follow the trend.
But on bigger time frames, it states and shows us what is rather than what the media and Jim Cramer says.
And right now, the long analysis still applies for a few reasons.
1. W Formation, broke out
When to PAUSE Trading – NOT Stop – 4 TimesThere is a time where you might need to PAUSE with your trading.
It will save you from a potential portfolio crash.
And it happens either when – The market environment isn’t playing nice with your system.
And there are moments when you need to step back from your trading.
But even when you halt
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
South Africa 40 Index reached its highest quote on Sep 30, 2024 — 79,743.00 ZAR. See more data on the South Africa 40 Index chart.
The lowest ever quote of South Africa 40 Index is 46,875.70 ZAR. It was reached on Oct 30, 2020. See more data on the South Africa 40 Index chart.
South Africa 40 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy South Africa 40 Index futures or funds or invest in its components.