RobbyP

Financials rolling over-

Short
JSE:STXFIN   SATRIX FINI PORTFOLIO
The Satrix Financials ETF chart is starting to show that our basket of financial stocks is beginning to roll over. RSI and oscillators are showing price fatigue and weakness creeping in. A 10% correction is not a crazy notion. I reckon this one is a convincing short back to around R10.50 (200 day moving average).
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