$STX40 Satrix 40 ETF. Weekly inverted head and shoulders breakThis break on the weekly chart could indicate a target of 85 000 or 14% upside potential.
Satrix40
#STXPRO Property. Bull flag targetBull flag on this ETF broke with a 1121 target.
Target is 6,65% away. Expecting consolidation after target has been reached.
$STX40 Satrix Top 40. Inverted head and shouldersInverted head and shoulders on the weekly
This market is already up 10,44% for the year and looking at that inverted head and shoulders target of 85000, it does not look achievable for this year.
A 85 000 target will give a total return of 26% if achieved during 2024.
I'm cautiously optimistic. This is a wall of worry bull market.
A decent pullback in 2024 would not be unexpected.
$STXRES ETF. Fake break and a big dropLesson to all (including myself). In volatile markets adhere to what TA is telling you. The fake break (circle) indicated fading strength. This was followed by huge weakness in a very short period of time. It looks like we're on a bit of support right now. It would be interesting to see if support hold.
