Technical Takes: JSE ALL SHARE INDEX

Posted by Colin Abrams

Apr 29, 2016 12:38:40 PM

 

JSE ALL SHARE INDEX – Potential top at resistance level [Signals done on also future]

Broad Recommendation:  HOLD SHORT (WITH CAUTION)

Current Trend: Short-and Med-term up. Long-term sideways.

Strategy: Hold short with a stop as a close above line 3.

NB NOTE: The JSE ALL SHARE INDEX is a measure of the broader market and isn’t a tradeable instrument. However, one can trade the JSE Top 40 index future through the GT247.com platforms. 

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Topics: Technical Analysis, Trading


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