Ok so I am taking this analysis with a pinch of salt.
The JSE Top 40 is showing major upside to come. And yet the Banking sector is showing conflicting signals.
I mean we have an Inv Cup and Handle.
We have a strong downtrend (safety line) - confirmed
We have price<20 and 200MA - Making it a high probability short.
Everything about the system is saying SHORT But I am calling BS on this analysis.
A part of me wants to go short just for the sake of it because the system says the next target is at R120.12.
Are banks predicting a bigger short and crash than we think?
The JSE Top 40 is showing major upside to come. And yet the Banking sector is showing conflicting signals.
I mean we have an Inv Cup and Handle.
We have a strong downtrend (safety line) - confirmed
We have price<20 and 200MA - Making it a high probability short.
Everything about the system is saying SHORT But I am calling BS on this analysis.
A part of me wants to go short just for the sake of it because the system says the next target is at R120.12.
Are banks predicting a bigger short and crash than we think?
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.