$JSESOLJSE:SOL
Small continuation formation made and broken on shorter term $JSESOL chart. Target 52800/53000
Jse_top40
J200JSE:J200
Top40 making handle (bearish flag) after it made nice big cup.
Chart currently does not look good at all and long trades on #ALSI #TOP40 should be very limited.
$JSEGLNJSE:GLN
Bearish flag on weekly chart still far from conformation but break bellow last week low can take Glencore some 25% lower
$JSEFSRJSE:FSR
Making inverted head and shoulders. Neck like still far but something to watch over next few days
$JSESBKJSE:SBK
Long term trend down, but short term oversold.
Short term trend line broken so some strength coming to it
J200 J200/Top40 hourly chart.
It looks as inverted cup and handle or even head and shoulders.
Some 4500 points in pattern. So watch for break it can bring some 10% downside on J200 JSE:J200
JSE_J200: Top 40 Wyckoff Re-accumulation Johannesburg Stock Exchange (JSE) Top 40 Index has undergone re-accumulation and broken out above the trading range (Jumped the creek). Now it has backed up to the creek and gone into a lower TF re-accumulation. Waiting for signs that it will break the back up range on the daily TF. For now it seems that it is still ranging.
Johannesburg Stock Exchange (JSE): Resources are KINGI am very excited that the Johannesburg Stock Exchange (JSE) has been added to the TradingView data sources. This gives South African investors an opportunity to use the flexibility and ease of TV. As my first post I would like to highlight the performance of the Resources Sector. The South African economy was built on resources and has been under performing since 2008 (see chart below). But since 2016 this has changed and Resources are out performing the other sectors. The other sectors have also shown an upturn in August and with the Rand (ZAR) weakening on the back of emerging market jitters this could be a great Sector to find trades.
