Close to a quarter of the total FTSE/JSE All Share Index companies currently trading at extreme oversold environment – trading under 30 according to its 14day RSI.
You would think that with all negativity surrounding Sasol over the past week, that it would find itself in the Top5 most “oversold” list - close but no cigar. Top5 most overbought still dominated by Gold miners.
FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow:
Oversold:
TON
12
APN
17
DLT
18
RDF
20
JSE:ITU 21
Overbought:
JSE:PFG 89
HAR
68
PAN
67
LTE
66
ANG
65
You would think that with all negativity surrounding Sasol over the past week, that it would find itself in the Top5 most “oversold” list - close but no cigar. Top5 most overbought still dominated by Gold miners.
FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow:
Oversold:
TON
12
APN
17
DLT
18
RDF
20 JSE:ITU 21
Overbought:
JSE:PFG 89
HAR
68
PAN
67
LTE
66
ANG
65