Strategy
FTSE/JSE Top40 (J200) - 14 September 2020
Strategy
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Published on 2020-09-14
A moderate bullish bias is applicable above 51500. Technical score: +1
A bearish MACD crossover on the daily time frequency remains intact – which is a concern. However, keep an eye on a potential bullish MACD crossover, which might support further upside potential. Downside price momentum halted – supporting the bullish trend direction. Only a price action below 51500 will reverse the bullish trend direction. Upside target: 52700. Downside target for a break below 51500 will be 51100.
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