technical analysis chart

Technical Breaks, Ideas and Insights – JSE Top 40 Breaking All-Time Highs

The JSE Top 40 made a positive break on 4 November 2022 by breaking upwards through the downwards sloping resistance level at 62200.00.
Since then, the Index has rallied and reached its previous all-time high of 71050.00.
The JSE Top 40 continued its positive trend and has broken through its previous all-time high and can potentially test the resistance level at 78000.00, in our view.
This report provides a technical analysis of the JSE Top 40.