Did we had a cycle high 5 weeks into the next cycle? How SA roleplayers accept @tito_mboweni economic growth plan will be telling on how the market reacts. Sunday night opening in the east will be telling.
Currently we are trading under the FIBONACCI ratio 61.8% (range: 17.76 Jan '16 to 11.51 Feb '18), if we are ambitious we will aim for the 38.2% (13.89) which is in line with the 200 SMA (13.87). The Africa Milk Index indicates the ZAR should be closer to 12.43
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