Last week the JSE Financials were on the move but before jumping on the train a word of caution. If one looks back to 2015 we see a long distribution range that formed with investors getting out of South African financial stocks. The recent rise on the back of the covid drop is likely to only be a backup to this distribution range and not longer-term interest in...
The Financial Index of the JSE has shown some strength and this week it is time for the mark up back to the Support that is now likely to be resistance and test the area between 1400 and 1600.