Rough day on the JSE today and hoping to have more optimistic market on Wednesday. If the market opens on a positive we can expect it to hit the R 178,23 resistance line. I’m optimistic if it swings this way it will easily break through and retest the R184,07 resistance line. If the market is still nervous we can expect a rebound at the very first resistance.
If the market opens on a downtrend, I doubt the R 169,30 support will play any roll and the share price will immediately test R 165,05 support line which held well on today’s trade. We then expect a rebound and recover until midday when we can re-analyze.
If the market opens on a downtrend, I doubt the R 169,30 support will play any roll and the share price will immediately test R 165,05 support line which held well on today’s trade. We then expect a rebound and recover until midday when we can re-analyze.