The JSE ticker is currently testing an upward trendline from the weekly chart. If prices respect this trendline, we can look at potential buy trades. If price breaks below this trendline, we can look to short this market.
Thanks for the great analysis! I'll be keeping an eye on this. I see the four hour chart is showing a lower price rejection as well, but I guess time will tell whether that's the start of the reversal or just an intraday retracement from the current downtrend. Regards.
munyaelliott
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@stilllearning101, Thanks for the great comment. Please make sure to check out my analysis on JSE companies that i just did for this coming week. Happy investing