SA40 has retraced by 4% from December high, we expect that it finds support between 7600-75000. We go long at 75700 with TP 78000-81500 over the next weeks. Stop Loss just below 74600
Note
We have added more longs at 75200 to improve average entry because of high probability support at 75000; our stop loss remains below 74600
Trade active
Trade is still active, Support at 75000 is still holding. With holidays now out of the way we do expect some increased liquidity inflow in the markets in the coming week and the week that follows.
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