🟩 1st and 2nd Target Was Reached. Pullback Provides Buy Re-Entry Opportunity. See Chart + Price Action Model

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JSE Ltd (JSE)

Monitoring for evidence of buy into the 200-day SMA. Expect overshoot to the downside. Provisional range at blue shaded area.

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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