Jse_top40
SA40 J200 TOP40JSE:J200
Closed yesterday below neckline for double top but made big wick.
Today is crucial day to see if down trend will gather momentum.
Be safe out there.
SA40 J200 TOP40JSE:J200
Roll over on hourly chart.
Trying to hold neckline for double top but will be very difficult.
$JSE-SPPJSE:SPP
Testing support in 18000-18100 area.
Break bellow will probably open 16500 as next target.
With second target around 15000.
J212 - FINI 15JSE:J212
Lost some 13% in the value over last 15 trading days.
Clear down trend but it moved from mean. Look for some pull back before you think about taking short.
J211 - Indi 25JSE:J211
Stopped but resistance around 75000 and coming back towards 67000.
So we can assume it is range bound until 67000 or 75000 gave up.
$JSE-BIDJSE:BID
Broke trend line from December yesterday and doing back test today.
More aggressive traders can short on the back test, for the others wait for 29500 or there about to break.
Target is around low from December at 26000
$JSE-VODJSE:VOD
I know most people will jump and say how head and shoulder is pattern valid only at market tops but I'm posting this chart here.
If it plays out target around 9600, or if you want to be safe 10000 would be good bet.
Big red engulfing bar today.
$JSE-GLN weekly chartJSE:GLN
Made head and shoulder and broke neckline on big red bar two weeks ago.
Currently doing pullback from very oversold position.
Wait for back test of neck line to short (be aware if it goes above neckline it is always a possibility)
Target is around 2000.
$JSE-TFGJSE:TFG
Testing very strong support break bellow will only bring more downside.
After big FALSE break to the top share collapsed and went all the way to the bottom of range.
"From false moves come fast moves" my favorite stock market saying
