MONEY OR THE BOX?- JSE Top40, take your pick
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.