$JSE-SHPJSE:SHP
With all this strength in the markets $JSESHP can't move higher. Imagine if some weakness come to markets.
Massive head and shoulders in making. Break of neck line will open target around 10600/10800.
Jse_top40
Bidvest turnBullish engulfing candle after turning up from a low and crossing momentum indicators could see BVT end its down streak and start moving upwards again. Buy at R195 with a stop below R188 and profit targets around R209 (for a 2:1 reward to risk trade, first half) and R216 (3:1, second half, if it continues, ratchet your stop loss level upwards).
$JSE-BIDJSE:BID
Bearish flag first target 31600/31700 area
Ultimate target gap close around 30200/30300 area.
$JSE-MTNJSE:MTN
Holding 8400 for now, bounce towards 9000 possible.
Break bellow 8400 will target gap close.
$JSE-CFRJSE:CFR
Break up from cup and handle formation.
Back test happening right now.
Target 11900/12000
$JSE-AGLJSE:AGL
Consolidating in small flag after initial drop.
Currently making big wick candle.
If it breaks lower target should be around 37500, with extended target around 36500
Shoppies $SHPStanding back and checking the long downward channel in SHP is rather scary. Last push didn't break the negative channel
$JSE-SOLJSE:SOL
Looks like starting to roll over on hourly.
Still stuck in symmetrical triangle on daily
Short in FSRThe Moody's call messed me around on FSR, but the MACD, MA, RSI and STOCH's are showing a potential downward move in FSR.
JSE:J200 Top 40 Institutional SellingLooking at a weekly chart it seems that we are in distribution that has started in 2015. We now see volume off the tops of the Last Point of Supply (LPSY). There are Signs of Weakness (SoW) and change of character in the background. I break below the yearly pivot point which should be tested this week could result in significant declines.
7 Nov 2019 - JSE ALSI 40 - Long - W Formation FEEL PRIDEThere are many aspects to celebrate the JSE rising...
Technically we have a breakout above the W-formation, break up above the downtrend for the first time since may and end of the year buying before year-end.
Fundamentally we have a couple of reasons to feel pride:
1. JSE Is tightening with the regulations with the listing requirements
2. Leila Fourie stepped in as CEO in early October which has sent the JSE flying over 8%
3. We dodged the junk status by Moodys (Baaa3)
4. US and China seem to be entering a compromise part of the relationship with cutting down on tarriffs and offering 20-40-50bn worth of farm goods.
5. We won the Rugby WOrld Cup (32:12)
6. #ImStaying grew to over 860,000 members
Anyways, the charts are what makes us take the trade - everything else is just fun confirmation.
$JSE-MNPJSE:MNP
Breaking above falling wedge today, wait for conformation to go long or even better pull back.
$JSE-MTN hourlyJSE:MTN
Stuck in consolidation (flat top triangle) consolidation for some time.
Trading statement this morning and looks market likes it so far.
Break above 9600/9650 will open target around 10000/10100.
Turnaround for MEI?Hitting some resistance might see some movement downward if momentum runs out
The idea is based on my strategy, please consider before using this idea.
Feel free to comment whether you agree or not, I welcome conversation.
Remember to use a stop-loss and manage risk.
Note: The views provided herein do not constitute financial advice.
