SteynTrade

JSE:J200 Top 40 Consolidation at Start of February

SteynTrade Updated   
JSE:J200   South Africa Top 40 Index
The JSE has had a good run showing some signs of strength (SoS). After a spring and markup, we tested 60000. Buying interest is lower than November/December which could indicate some consolidation in the short term. This could result in a backup with a set of the breakout level at about 54000. Will watch how this develops.
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