BUY SA40SA40 has retraced by 4% from December high, we expect that it finds support between 7600-75000. We go long at 75700 with TP 78000-81500 over the next weeks. Stop Loss just below 74600
SA40 Bullish Outlook Good morning,
The J200 looks bullish on the H1 chart, but it is within a consolidation area, so some caution regarding momentum behaviour is needed.
The price has two significant resistance levels: 77302 and one within a resistance zone at 78148.95.
There is also an ABC pattern that does not alig
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
Bearish moveJSE experienced resistance on the 77,000 barriers and stabilised under this mark. The index may find support on nearby barriers.
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
Long order placed on ZA TOP40We have placed a long order on the TOP40 CFD based on the crossing of the MACD, Stochastic and EMA's. We will enter once it breaches the 75455 level.
Potential Short opportunity on TOP40Our momentum strategy indicators are all indicating a potential downward move on the TOP40 CFD. If this momentum continues, the trade will possibly be triggered tomorrow and we are looking at a target just below the 70000 level.
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Frequently Asked Questions
ZA TOP 40 reached its highest quote on Sep 26, 2024 — 80,920 ZAR. See more data on the ZA TOP 40 chart.
The lowest ever quote of ZA TOP 40 is 33,361 ZAR. It was reached on Apr 18, 2013. See more data on the ZA TOP 40 chart.
ZA TOP 40 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 ZA TOP 40 futures or funds or invest in its components.