Technically, SA Retailers continued to trend lower over the long term, with the month-to-date return now at -22%. We also now trade 51% lower than monthly chart double top flagged in January of 2019 and 60% lower than the peak of March 2018 where an overly-optimistic view of the SA economic landscape clouded high valuations, declining earnings and a worsening consumer and business sentiment, which led us to question question the 'Will The Rand Reverse Retail?" (09-March-2018). The new health pandemic is most likely to cap revenue and earnings growth which would also lead to a cap on share prices. On the chart, we have broken through support at 3978, with the RSI at a weak 21 reading.