$J835 JSE Banking index forming a H & S top

Description

⋅ Feb 18, 2019 12:51 PM

A confirmed close below 9400 points, could see the banking index on the JSE move down to 8900 (+- 6.3% move from current levels). We are witnessing the formation of a head & shoulders top which could trigger further downside in our banking stocks.

Chart Patterns