JSE Top 40 Index (J200)
Short Term Outlook
Chart Time Frame: 2 hrs
Overhead resistance at 67081
Has made a second attempt at breaching the upper boundary of the channel with a balance between bulls (buyers) and bears (sellers)
A downside breach of line A_B would see the index trend toward further the mid-point of the channel.
Consider that the index could breach the overhead resistance however failure to maintain upside support following the breakout could see a bearish reversal ensue.
Chart Time Frame: 2 hrs
Overhead resistance at 67081
Has made a second attempt at breaching the upper boundary of the channel with a balance between bulls (buyers) and bears (sellers)
A downside breach of line A_B would see the index trend toward further the mid-point of the channel.
Consider that the index could breach the overhead resistance however failure to maintain upside support following the breakout could see a bearish reversal ensue.
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