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XJSE_TOP40_CFD
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ZA TOP 40

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XJSE_TOP40_CFD trade ideas

JSE Top 40: Data Over a 7-year period, there have been 14 weeks (including last week) where the index returned more than 4.5%. The average return in the subsequent week is -0.07%. Largest decline was -3.06%. Largest gain was +4.34% 6 of the subsequent weeks saw a positive return, while 7 saw a negative return.

by techpers

Bearish Trendline & MA50 tested, 2000-3000 points SA40/J200 gained almost 5% for the past week, we expect a reversal for the last week of July 2022/ Trendline tested as well as MA50, 62000 is also a strong psychological resistance, we went short at 62000

Short

by AkhonaG

Top40 ALSI IHS after reclaiming the 58600 support, ALSI has now formed a very nice IHS pattern

Long

by T2TWELL

Analyst Thoughts: Pre-Market Europe/Mid-Session Asia - 19 July Analyst Thoughts: Pre-Market Europe/Mid-Session Asia - 19 July Asia lower, US futures slightly higher. Lack of follow-through during US session.

by techpers

More downside for the JSE ALSI40 - INV C and H - 15 JUly 2022 The breakout hasn't been a strong one to the downside, but it's still below the current support (which has become a resistance). If a catalyst breaks out to send the markets further down, we could see 50,000 on the cards... What do you think? Trade well, live free. Timon Rossolimos Founder, MATI Trader

Short

by Timonrosso

ALSI top40 monthly chart top40 is currently in its 5th down month. the last time we saw this was in 2011 and 2008, all of which market the low, be interesting to see if we can break that pattern this time

by T2TWELL

Analyst Thoughts: Pre-Market Europe/Mid-Session Asia - 13 July * Poor reaction to US inflation data but markets managing to stabilize with some buying into the US close to pare the losses. * USD retracing slightly which also relieved pressure on equities * Volatility higher on the day. Small caps shedding the most. *JSE: Markets continuing to retreat from swing highs seen last Friday although there was some buying off yesterday's lows. *NPN/PRX continue to being sold from their overbought positions as Tencent trends lows. As a result, some SA Inc plays managing to hold up on a relative basis. * Gold attempting to recover off the lows as DXY was sold following the inflation print. DXY higher again this morning.

by techpers

j200 breaking down, bears in full control ALSI top40 has formed a bearish cup and handle over the last 4 days, further downside can be expected

Short

by T2TWELL

Analyst Thoughts: Pre-Market Europe/Mid-Session Asia - 12 July Published on the client platform earlier this morning Analyst Thoughts: Pre-Market Europe Mid Session Asia Following a much weaker open, S. African equities managed to narrow some of it's losses at the beginning of the week but not by enough to completely shed the negative sentiment which has been cast over global risk assets at the beginning of the week. What's weighing? Inflation concerns + central bank interest rate path + global growth + geopolitical relations (see Russia, Germany energy issues) + global social unrest (see Sri Lanka & China) + Chinese Covid-19 cases. Later today, U.S earnings season commences with large cap banks being the first to update the market on their Q2 performance. US equities closing lower overnight with the aforementioned issues weighing. Musk/Twitter deal also weighing on sentiment while investors position for the earnings where the focus will be on the forward guidance. This morning, Asia is negative. US Futures negative. USDZAR +17.13

by techpers

JSE Top 40 Index Has regained it's position above it's weekly & monthly pivot as well as it's 8 & 21-EMA. On any advance, the declining 50-day EMA could act as a resistance zone. See accompanying table as a reference for the key moving average levels.

by techpers

TOP40Cash ALSI Head and shoulders A very bearish HS pattern has formed over the last couple of days on the ALSI, The bulls have a lot of work to do to support this neckline to negate further downside.

by T2TWELL

JSE Top 40 Index – 7-day RSI remains below 140-day RSI, suggesting bearish momentum intact. – Daily candle reflecting poor candle structure at support, suggesting risk of potential breach of support – Price remains below key supply zones in the form of key moving averages (8 21 50-EMA)

by techpers

JSE Top 40 Index: Q3 Seasonality JSE Top 40 Index Q3 Seasonality. Notes on chart. For more insights such as these, get in touch today.

by techpers

JSE Top 40 Index JSE Top 40: As noted pre-market yesterday, the 8 & 21-DAY EMA was a potential support on a retracement. We saw these levels act as buying areas intraday with the index managing to recover some of it's intraday losses. Resistance is the 50-EMA and 50-61.8% FIB.

by techpers

JSE Top 40 Index JSE Top 40 Index: On pullbacks, moderate support at the 8 & 21-DAY EMA Range (See table above). Resistance is the declining 50-EMA & 50 to 61.8% bearish Fibonacci retracement zone.

by techpers

JSE Top 40 In my 07 March report I highlighted the technical risk with the index having traded at the upper boundary (2.5 to 3x the mean) of it’s 200-month linear regression channel. We have since seen the index retrace toward it’s mean with the price lower by 16.6% from the March peak. The 7-month RSI prints 38 which is considered weak but not yet oversold. While we may see rebounds on a short term basis, the regime remains ‘weak’. Considering the quarterly time frame, it remains in a strong but near overbought regime.

by techpers

SA40Cash 15min inverted HS pattern 15min ALSI broke neckline of a IHS pattern, this opens up targets to 60k if the bulls keep the momentum up

by T2TWELL

Top40- Cheap gets cheaper The Top40 is precariously clutching to support, but as I see it, a breach of 59000 opens the door for another 4000 points downside. This chart just looks sick right now. I'd be selling here until I'm convinced otherwise. People who pick bottoms only end up with smelly fingers...

Short

by RobbyP

JSE Top 40 JSE Top 40 Index - rejected at declining 8-EMA (prior demand-supply zone). Strength in Asian markets could see 21-EMA being targeted which will also be a distribution zone.

by techpers

#SA40cash Diamond pattern Its been a while since a diamond pattern has formed on the SA40 index. take your pick, IHS or HS can form here. entry is key to risk management no matter which direction one plays.

by T2TWELL

JSE ALSI 40 - Short - Inverse Cup and Handle Technically an Inverse Cup and Handle has presented itself. The breakout below the brim level is still quite a weak breakout, but the stop loss is quite wide to give leeway. Fundamentally, Inflationary measures and rising interest rates are going to have a ripple effect around the world. The JSE will also following leading markets, which will bring it down. I'm going short... What do you think? Kind regards, Timon Rossolimos CEO, MATI Trader

Short

by timonrosso87

TOP40: another leg down?Crossed below its 200-day simple moving average - which supports a bearish trend direction. A price action below 63 600 supports a bearish trend direction Crossing above this level will negate the bearish stance. Breaking further below 61800 might target 60600. Breaking above 63000 will be the first sign of strength building in the index. RSI leaves enough room for further downside price potential.

Short

by Peet_Serfontein

SA40/J200 bearish and more bearish SA40 index retested the breakdown level 64200 today after it broke down to the downside yesterday from a confirmed HS pattern. right now bears are in full control of this downward channel and the lower price objective of 63000 can be achieved in the coming sessions

Short

by T2TWELL

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