There's two ways to play this.
MONEY:
If you are long Top40 now would be the time to take the money and run. Wait for better levels to get back in. (You heard it here first)
THE BOX:
Short the TOP40 CFD or even the ALSI for at least a test of the bottom of the consolidation box. The move is largely driven by pressure on Naspers and our resources stocks but a re-test of the bottom of the highlighted area would earn you over 1500 points on the index.
MONEY:
If you are long Top40 now would be the time to take the money and run. Wait for better levels to get back in. (You heard it here first)
THE BOX:
Short the TOP40 CFD or even the ALSI for at least a test of the bottom of the consolidation box. The move is largely driven by pressure on Naspers and our resources stocks but a re-test of the bottom of the highlighted area would earn you over 1500 points on the index.
Trade closed: target reached:
BOOM! Money AND the box