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JSE Top 40 Index

  • Writer: Lester Davids
    Lester Davids
  • 16 hours ago
  • 1 min read

Research Notes For 07 to 11 July > https://www.unum.capital/post/r0711july

Trade Local & Global Financial Markets with Unum Capital.

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  • Overall Bullish Trend: The short (7-day) and medium-term (14-day) trends are both positive ("Strong" and "Bullish"), indicating consistent upward price momentum.

  • Aggressive Buying Underway: The current market action is characterized by aggressive buying, suggesting traders are actively participating in the upward trend rather than waiting for dips.

  • Strength Across Timeframes: Buyers are in control across short, medium, and long-term perspectives, creating a cohesive bullish outlook.

  • Momentum is Key: The primary strategy shifts from "buy the dip" to joining the existing momentum, as buyers are demonstrating significant control.

  • Manage Risk at Highs: While the trend is strong, a failure to hold prior session highs remains the key risk, which could trigger a reversal or short-term selling pressure.



Monthly Chart


Lester Davids

Senior Investment Analyst: Unum Capital

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