We have a stop loss trigger on STX40 as the index closes below the 30d EMA . Exiting all positions first thing market open tomorrow morning
Satrix 40 confirmed the buy trigger today as it closes above the R61.04 Stop loss, A close below the 60d EMA If you wish to get email alerts on the lazy system sign up here: eepurl.com
We have a buy trigger on STX40. Now we wait for a confirmation which is a close above today's close (6104c) If you wish to get email alerts on the lazy system sign up here: eepurl.com
WE have another buy trigger on STX40 after the one from last week failed. Now we wait for a confirmation which is a close above the today's close If you wish to get alerts on the lazy system on STX40 join the Village Trader mailing list villagetrader.us18.list-manage.com
We have ourselve a but trigger on Satriix40. Now I just wait for a confirmation which is a close higher than 2532c
This inverse head and should is exciting. the question is how fast will the top40 get to the 7260c. the index need roughly a 23% rise to achieve this.
This is a good reflection of a very slow to no growth environment. If you remove the volatility the SA TOP share index have gone nowhere in the last 5 -6 years. The only way to make money in this type of environment is either very careful stock selection or investing for dividends only. Terrible investment environment.
Currently building my tax-free savings portfolio and Satrix top 40 is one of the ETF in my watch list. I think we might go down a bit before we go up. see series of my videos here www.youtube.com
The Satrix ETF has now reached the top of the channel (pre COVID ) levels and I believe will experience some resistance in breaking out of this multi year channel. Take care in taking any new long positions.
Since 2017 the Satrix TOP40 ETF has been moving in a channel with a downward slope. We have reached the top of that channel once again. The channel has only been breached twice in the three year period. The obvious assumption would be to believe that it will keep trading in the channel into the foreseeable future. Personally I think better ETF's with more foreign...
This zone indicated in pink between 48-49 is going to pose a problem for bulls going forward. It's going to take a lot of momentum to get through that area. Expect a lot of resistance.
- Price has dropped below the kumo monthly support extending all the way back to 2008-2009 - Stochastic is still not overdone and the near dbl top targets the R35 area -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Trading on a long term support line. Could we find support in this volatile market and bounce off support ?
Sartix40 is trading on support. If support breaks 4850 is the next stop.
- SATRIX 40 ended the week with a bearish engulfing candle (with volume) - Looking for a move back to the 200ma for support
3 Leg consolidation unfolding with lower highs and currently dropping towards "(Y)"
Not a bad performance by the Satrix Top 40 ETF for the year till date.