VillageTraderZA

Does this bear still have another 27% odd fight in it?

Short
JSE:J200   South Africa Top 40 Index
Dangerous looking head and shoulders pattern on the weekly chart. Who's target. is around 41.2k mark.

Given that interests rates are jogging along higher, recession etc. This bear might have some decent wind at its back. IF the bears can break below the 51.5 neckline on the weekly chart. The odds of the target rises

Albeit it will bump into a bunch of dead cats along the way


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