JSE ALSI fools us again - New target up to 74,748?
Once again the imfamous Mr Market JSE has fooled us again...
After the 1 year twilight zone of going no where, the price broke below and entered into a BEAR MARKET...
However, it lasted literally 7 days before jumping right back into the range...
It's not only broken above the downtrend line, the price is testing the support, which could form potentially a right shoulder...
If this plays out, it will break above the neckline and will continue up to 74,748.
I am heavily invested in longs and shorts. And the balance of finding what works in the market is a challenge but at least, we are not losing a lot of funds....
It's crucial to preserve and protect what you have during uncertainty and not to focus on making money but looking after what you have by means of diversification and hedging...
This can last as long as it needs to. I'm bullish on the JSE right now.
After the 1 year twilight zone of going no where, the price broke below and entered into a BEAR MARKET...
However, it lasted literally 7 days before jumping right back into the range...
It's not only broken above the downtrend line, the price is testing the support, which could form potentially a right shoulder...
If this plays out, it will break above the neckline and will continue up to 74,748.
I am heavily invested in longs and shorts. And the balance of finding what works in the market is a challenge but at least, we are not losing a lot of funds....
It's crucial to preserve and protect what you have during uncertainty and not to focus on making money but looking after what you have by means of diversification and hedging...
This can last as long as it needs to. I'm bullish on the JSE right now.
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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
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