South Africa Top 40 IndexViés de baixa
Resistance Reached for Top40; Correction on the Cards
Top 40 formed a bearish reversal last week.
For the past 3 years it has been trading within a range and has now reached the upper end of that range.
There is a high probability that in the next weeks and months it will test the lower end of the range starting with 49000 then 44000.
RSI Testing 60 which has been a turning point historically as illustrated.
For the past 3 years it has been trading within a range and has now reached the upper end of that range.
There is a high probability that in the next weeks and months it will test the lower end of the range starting with 49000 then 44000.
RSI Testing 60 which has been a turning point historically as illustrated.
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