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AkhonaG

Resistance Reached for Top40; Correction on the Cards

Penjualan
South Africa Top 40 Index (JSE:J200)  
AkhonaG  
JSE:J200   South Africa Top 40 Index
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
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.
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