The JSE’s share price seems to have formed a very defined trading range since the start of the year. I am looking to trade this range which is also starting to show a trend that is rising ever-so-slightly.
The price has been languishing in over-sold territory for almost two weeks now however, the RSI seems to be starting to settle at this zone. Yesterday’s “up-and-down” trading day has resulted in the formation of a spinning top candle stick which does signal “uncertainty” of the next price move. The fact that the price is now squeezing the bottom Bollinger band at 2.1 Standard deviations could well result in a relief rally back to the mean. But the way this stock moves when it picks up momentum could easily push it back to the top in the coming weeks.
I have put my SMART trading copy trade clients in at this bottom support line of this year’s range. My stop loss will be a decent break below this line with a little breathing room.
Unfortunately, if you want to view the full trade, please sign up for my FREE Stock Alerts by completing the form below.
If you would like to automatically copy my trades, you can mail me on firstname.lastname@example.org or call me on 011 384 2927 and we’ll get you copy trading.
Here’s to profitable trading,
Unum Capital (Pty) Ltd
Off the back of 4 sold out live events, the Matt Brown Show in conjunction with CryptoTrader and CNBC Africa is holding a one-time exclusive event in Johannesburg on Monday, 15th January covering cryptoasset trading and investment strategy for cryptocurrency traders.
And we are giving away 5 FREE tickets.
Either attend the event in Jozi or join the Live Video Stream from anywhere in the world.
All previous events have sold out and seats are limited!
The experts for this cryptoasset trading and investment strategy masterclass are:
Matt Brown is CEO of Matt Brown Media Group, Digital Kungfu and the host of the Matt Brown Show – a global media platform and podcast that has built a loyal listenership in over 100 countries around the world without spending a cent on advertising. This is the fifth “experiantial podcast” event of it’s kind in South Africa.
Ran Neu-Ner, host of CryptoTrader on CNBC Africa – the worlds first televised cryptocurrency trading show.
Luke Martin, founder of Venture Coinist, who for the first time will be in South Africa sharing his expert views on Cryptoasset trading and investment strategy.
So what do you need to do?
- Open a demo account with EXANTE and get a feel for trading crypto instruments in a paper trading environment
- Predict the Friday 12:00 (lunch time) last traded price (BTC.EXANTE)
Nearest 5 predictions take the tickets.
Lets have some fun,
Unum Trading Desk