Strategy
FTSE/JSE Top40 (J200) - 16 September 2020
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Published on 2020-09-16
A moderate bullish bias is applicable above 51700. Technical score: 0
The price action is testing the upper range of the falling wedge pattern – which might act as some major resistance. However, a bullish MACD crossover on the daily time frequency might assist further upside potential. Upside price momentum supports the bullish trend. Only a price action below 51700 will reverse the bullish trend direction. Upside target: 52400. Downside target for a break below 51700 will be 51300.
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