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South Africa Top 40 IndexSouth Africa Top 40 IndexSouth Africa Top 40 Index

South Africa Top 40 Index

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SA40 trade ideas

The line of least resistance still facing to the floorIt seems the line of least resistance is still point downward. The strongest group of stocks (financials) seems to be also giving grown and losing their will to rise. As the US S&P500 failed to break its 50 day EMA reversing with a bearish engulfing candle and shooting right through the 50 day EMA. Seems the US has sneezed. We normally catch a flu. rates still going higher Fed adding another 75 points. The wedge is narrowing. and that's worries some.
JSE:J200Short
by VillageTraderZA
Choose your loss buy or sell We are currently in a very difficult trading environment for the JSE ALSI 40 (and the stocks in the index) and I believe world wide (with most markets). This sideways movement has been going since July 2022... The world is in a rut with major issues like high inflation, ongoing interest hikes, currency collapses, US dollar strength, UK economic collapse, East wars and COVID recovery. Our hands are unfortunately tied, how long this will last and what the damage will be (drawdown wise). But we will control it with lowering our losses from 2% to 1.5%. This will all be guided through a process until we overcome it... But it's part and parcel with trading and it's something that is very common on a yearly basis... HOWEVER! This is crucial to understand as a trader. Since the derivative markets, the algorithm of movement (between buying and selling) has changed drastically. From the markets moving in strong trends (70% of the time) from 1940 - 2007 where a monkey could have thrown a dart and profited from any Blue Chip stock for 20 years. To now we are seeing the markets trend around (20% of the time, if that) from 2007 -2022. We have no choice but to make the stop loss and take profits prices tighter and to hold for less period of time. This will be a patience game but will be worth it in the end. Only those strong enough to stick around and act accordingly with their correct risk management will reap the rewards. What are your thoughts?
JSE:J200
by Timonrosso
1
JSE Top 40 IndexJSE TOP 40 INDEX - Strong upside follow-through from support between 56823 and 57482 - the range we discussed last week (circled area). The index reclaimed the 8-day EMA and has closed in line with the flat 21-EMA. At current levels, I'm expecting a consolidation (after yesterday's strong rebound). The rating has shifted from WEAK to NEUTRAL while the index is trading in the mid-point of the 2 std deviation 20-day linear regression channel. For more research, including traded ideas, get in touch today.
JSE:J200
by techpers
JSE Top 40 IndexA slide from today's research report, published to clients yesterday evening: Unchanged From Last Week 12 September. Line A_B is a key risk level over the medium term. As previously noted, there is a clear supply zone that has been in place since Q1 2021. This level also represents the (former) supply and (current) demand zone extending back to November 2017. A downside breach of line A_B would increase the odds of a test of prior supply-demand zone. For more research insights, get in touch today.
JSE:J200
by techpers
2