There are many aspects to celebrate the JSE rising...
Technically we have a breakout above the W-formation, break up above the downtrend for the first time since may and end of the year buying before year-end.
Fundamentally we have a couple of reasons to feel pride:
1. JSE Is tightening with the regulations with the listing requirements
2. Leila Fourie stepped in as CEO in early October which has sent the JSE flying over 8%
3. We dodged the junk status by Moodys (Baaa3)
4. US and China seem to be entering a compromise part of the relationship with cutting down on tarriffs and offering 20-40-50bn worth of farm goods.
5. We won the Rugby WOrld Cup (32:12)
6. #ImStaying grew to over 860,000 members
Anyways, the charts are what makes us take the trade - everything else is just fun confirmation.
Technically we have a breakout above the W-formation, break up above the downtrend for the first time since may and end of the year buying before year-end.
Fundamentally we have a couple of reasons to feel pride:
1. JSE Is tightening with the regulations with the listing requirements
2. Leila Fourie stepped in as CEO in early October which has sent the JSE flying over 8%
3. We dodged the junk status by Moodys (Baaa3)
4. US and China seem to be entering a compromise part of the relationship with cutting down on tarriffs and offering 20-40-50bn worth of farm goods.
5. We won the Rugby WOrld Cup (32:12)
6. #ImStaying grew to over 860,000 members
Anyways, the charts are what makes us take the trade - everything else is just fun confirmation.
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twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)