JSE:J200 Top 40 Consolidation at Start of February

South Africa Top 40 Index (JSE:J200)

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JSE:J200 South Africa Top 40 Index

Support and Resistance Supply and Demand Volume jse top40 J200 wyckoff Volume Indicator

supportandresistance supplyanddemand volumestudies jse top40 j200 wyckoff volume

The JSE has had a good run showing some signs of strength (SoS). After a spring and markup, we tested 60000. Buying interest is lower than November/December which could indicate some consolidation in the short term. This could result in a backup with a set of the breakout level at about 54000. Will watch how this develops.

Commento:

snapshot

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