USDZAR some interesting developments for the Rand bulls. 50dma < 200dma (death cross). 3 lower highs forming what could be a potential flat bottom triangle with the base at 18.10-18.20. Some bullish characteristics here which could be shifting sentiment in favour of the bulls but it's still too early too call. Range bound between 18.95 and 18.20 now. A convincing...
The South African top 40 index is the latest global index to have been spotted trying to begin a major up move in the next leg of the bull phase. The Index was in a corrective structure all of 2023 until the very recent Nov low. This entire corrective structure according to the Elliot wave theory was what we simply call a "wave 2 correction". The first leg of...
5yr Relative performance of SA40 vs Emerging, World and US Markets
Relative performance of SA40 vs Emerging, World and US markets
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HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE SA 40 INDEX. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS...
Hey guys, South African top 40 index looks like its reversing to the downside.
The SA Top40 index has been facing alot of resistance lately due to the current pandemic and political climate. The SA president recently announced that they will ease the lockdown to level 1. Good news for airlines (and tourism sector) as international borders are open and more businesses will hopefully be able to resume. This should boost investor sentiment in...
ITS NEVER BEST TO TRADE IN THE BEGINNING OF ANY MONTH, BUT IF A SETUP AVAILS I TRADE WITH PROPER RISK. HERE IS SA40 OVER TREND WAS BULLISH FOR THE MONTH OF AUGUST AND WHAT WE HAVE IS CORRECTION NESTED ON DEMAND, LONG SA40 WITH 2% RISK RATIO.
The relative performance of SA40 vs Satrix Nasdaq 100, Sygnia 4th Industrial Revolution, Sygnia S&P 500 and Sygnia MSCI World.
JSE:WHL Broke from long consolidation few days ago, did back test yesterday and today and moved strongly. Resistance is in 5300 area, if it gets cleared next target will be gap close in 5700-5800 area.
JSE: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.
JSE:J200 Roll over on hourly chart. Trying to hold neckline for double top but will be very difficult.