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
About South Africa Top 40 Index
The South Africa Top 40 Index (SA40) is a capitalization-weighted stock index that tracks the performance of the 40 largest companies listed on the Johannesburg Stock Exchange (giving the index its second name of JSE Top 40 Index). JSE is the largest stock exchange in Africa. Though the number of companies within the index is relatively small, together they represent over 80% of the JSE listed companies' market cap. As a result, the JSE Top 40 can give investors a pretty good idea of what's happening on the South African stock market.
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
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current value of South Africa Top 40 Index is 77,113.17 ZAR — it has risen by 0.47% in the past 24 hours. Track the index more closely on the South Africa Top 40 Index chart.
South Africa Top 40 Index reached its highest quote on Sep 30, 2024 — 79,718.94 ZAR. See more data on the South Africa Top 40 Index chart.
The lowest ever quote of South Africa Top 40 Index is 6,725.67 ZAR. It was reached on Apr 30, 2003. See more data on the South Africa Top 40 Index chart.
South Africa Top 40 Index value has increased by 2.04% in the past week, since last month it has shown a −2.20% decrease, and over the year it's increased by 13.06%. Keep track of all changes on the South Africa Top 40 Index chart.
The champion of South Africa Top 40 Index is JSE:MRP — it's gained 98.91% over the year.
The weakest component of South Africa Top 40 Index is JSE:SOL — it's lost −56.43% over the year.
South Africa Top 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 Top 40 Index futures or funds or invest in its components.
The South Africa Top 40 Index is comprised of 41 instruments including JSE:BHG, JSE:ANH, JSE:PRX and others. See the full list of South Africa Top 40 Index components to find more opportunities.