dawievdwest

#ALSI Running Into Stern Resistance?

Short
JSE:J200   South Africa Top 40 Index
On the line chart of #ALSI's TOP40 (J200) with 40 and 200 MA's, we see the yellow line that might have developed into a formidable resistance now, or the proverbial brick wall. With three closings right on the line and another two just below, the index is now almost bumping right into it again. Time to break out above now, or will it once again prove too strong?

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