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RobbyP

TOP40- Broken

Short
South Africa Top 40 Index (JSE:J200)  
RobbyP  
JSE:J200   South Africa Top 40 Index
Trend Analysis Chart Patterns Technical Indicators
3
1
trendanalysis chartpattern indicator
So the Top40 broke below the 200 day moving average yesterday and there's the added bearish pattern of a well formed head & shoulders. A continuation of this pattern takes it way down. I repeat, we have 2 Bearish signals.

1. 200 day moving average broken
2. Head & Shoulders

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