JSE:MTN Not as good as $JSEIMP but did well. Up almost 20% from 14 September
JSE:IMP Had amazing run from 12 September. It is up 78% hitting some resistance. We were long $JSEIMP based on inverted head and shoulders
JSE:SOL Bullish flag in making. Break above and will target 61000
JSE:SOL Small continuation formation made and broken on shorter term $JSESOL chart. Target 52800/53000
JSE: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.
JSE:AGL Braking sideways consolidation. Target should be around 33500
JSE:GLN Bearish flag on weekly chart still far from conformation but break bellow last week low can take Glencore some 25% lower
JSE:FSR Making inverted head and shoulders. Neck like still far but something to watch over next few days
JSE:J200 Currently J200 making symmetrical triangle (continuation pattern) in down trend.
JSE:SBK Long term trend down, but short term oversold. Short term trend line broken so some strength coming to it
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
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.
I 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...