JSE Ltd: 1st Target Reached + Favorable Backdrop For The Exchange + Bullish Momentum Accelerating + 2nd Target at R150

Research Notes For 28 July to 01 August > https://www.unum.capital/post/r2801august

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JSE Ltd: The Exchange Is Finding Momentum - Monday, 23 September 2024

Pre-Market

Ticker: JSE

Technical Drivers: (1) Above the 200-day EMA (2) Double break as per the weekly (3) nearing the top of it's 3-year range
Fundamental driver: (1) improved business confidence (2) increased trading activity
Medium to long term targets: 13600c, 15000c
Structure invalidated on a weekly close below 10800c

Lester Davids

Analyst: Unum Capital

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