South Africa 40 Cash Index price hints at a reversal
The South Africa 40 Cash Index is expected to adjust for a dividend in the underlying of 24.5 points on Tuesday the 26th of November 2024
South Africa 40 Cash Index
The South Africa 40 Cash Index has rallied through the 77050-resistance target, although has fallen well short of the 78450 level.
The price has since corrected before hinting at another bullish price reversal.
We are looking for a strong close on today’s (Tuesday 26 November) candle, preferably above the 77050 level to confirm a reversal.
In this scenario, 78450 again becomes our upside resistance target, while a close below the 75830 level would instead suggest the reversal to have failed.
Cash adjustment expected
The South Africa 40 Cash Index is expected to adjust for a dividend in the underlying of 24.5 points on Tuesday the 26th of November 2024.
South Africa 40 Cash Index (previous)
The South Africa 40 Cash Index has formed a bullish price reversal off the 75830-support level. The bullish reversal is accompanied by a move out of oversold territory. 77050, 78450 and 80075 provide upside resistance targets from the reversal, while a close below 75830 would suggest the reversal to have failed.
No cash adjustment expected
The South Africa 40 Cash Index is not expected to adjust for a dividend in the underlying on Tuesday the 19th of November 2024.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Take a position on indices
Deal on the world’s major stock indices today.
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only
