Your guess is as good as mine. One day we are up another is down. One week is up, one month is sideways. This is NOT conducive for trending markets. This is NOT conducive for breakout traders. This is not conducive for momentum traders. So we need to wait for a breakout to have a better idea on where it wants to go. Right now I'm long 8 stocks and short 6...
The JSE ALSI 40 has been moving in this large somewhat frustrating Symmetrical Triangle since December 2022. I've been bullish with the index and have expected it to break above the apex by now. But the triangle just keeps on moving in its consolidation sideways range. Thing is, the up signs are showing. This market wants to fly up and the rest of the...
Do you want the JSE ALSI 40 to fall where we profit from all the shorts. Do we want the JSE ALSI 40 to rise, where we can profit from the longs. I'll tell you what I want. I always want the JSE ALSI 40 to rally. I don't mind being stopped out on shorts. I don't care about the shorts anyway. And the reason is because I am optimistic with South Africa. I...
We have a ton of different signals with the JSE ALSI 40. This is where trading can get a bit tricky and frustrating. But it's for this reason, one needs to learn how to hedge positions. And by hedge I mean, hold equal number of shorts and longs. So we can see, there is an M Formation in the process. The price has broken down and has broken below the...
Symmetrical Triangle seems to be forming on the JSE ALSI 40. This is where price constricts into a triangle that is not facing up or down. We now need the price to break above the Apex, which will send the price higher. The beauty about Symmetrical Triangles, is that they are generally continuation patterns to the prior trend. With the up flag pole before...
Inverse Cup and Handle has formed on the JSE ALSI 40. We need the price to break below the brim level and all hell will break loose. MA 21>7 RSI < 50 Target 67,985 FUNDAMENTALS. The rand is majorly in trouble, R19.80 to the US Dollar and R23.90 to the pound. Is this because of load shedding. Is this because people are leaving the country due to the...