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South Africa 40 Index

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SA40 trade ideas

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
JSE:J200Short
by SteynTrade
6
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.
JSE:J200
by Driesman743
SA40 61716.81 + 0.39 % SHORT IDEA * STRUCTURE & PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE SA 40 INDEX. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:SA40Short
by PULEMokhothu
1
S&P500 index analysis(swing to intraday)The S&p has been climbing for the past few days trying to wotk itself to the top of the channel on a daily timeframe (you can copy the chart to view this) Good news has come from bidens speach today and the US markets were concolidating all day waiting for the news release which turned out positive giving the Nasdaq volumes to breakout while the S&P has not seen so much volumes the nasdaq has started breaking out. all info is said in video
TVC:SA40Long
by james2004f
J200This note is an extract from my weekly research report JSE Top 40 - Skyscraper View - Strong But Not Overbought | Stepping back, we continue to note the index making a fresh break of the 3 year sideways consolidation and more broadly, continuing to shift to the upside of a 7 year consolidation. While the index is just over 77% off it's March 2020 lows, the technical indicators suggest a 'strong but not overbought' position with the monthly Relative Strength Index at 64 and pointing up, suggesting room to advance. Note the price having held the pivot and head toward 'resistance level 1'. Monthly Chart.
JSE:J200
by LD_Perspectives
Top40 index: a correction on the horizon?An overbought BEARISH bias is applicable below 58962. Trade setup probability: -85%. Target: 58256. Stop-loss: 59326. Downside price momentum supports the bearish trend direction. RSI is at 79 (extremely overbought). High probability trading is a good starting point but you must also consider some other important metrics to help maximize your profitability. A higher positive probability percentage supports a bullish trade setup, whereas a higher negative percentage supports a bearish trade setup.
JSE:J200Short
by Peet_Serfontein
1
JSE Top 40 Index - Emerging Weakness The index current trades with a 'strong' but 'near overbought' ranking, with the daily Relative Strength Index looking to cross down from above 70. The underlying time frames (4H and 8H) signal a weakening trend, with the Relative Strength Index in a downward trend (upper panel). The price is currently capped at 'resistance level 3' which has held since 08 January 2021 The price currently trades 15% above it's 200-day. Fresh long should exercise caution. Stop: 59300
JSE:J200Short
by LD_Perspectives