End of week 15Mar19. Nice little run from Quilter on the back of a weaker $ZAR/GBP (FX_IDC:GBPZAR). Impala also continued its run, bringing YTD growth now to 75%. Another newbie in the "runners" list is MultiChoice. FTSE/JSE Allshare ( JSE:J203) Top5 oversold/overbought according to 14day RSI indicator as follow:
Potential Buy/Long Setup on JSE:QLT driven by these key factors:
- Price support seen at 20.32 and 20.50
- Prior bullish turns on Money Flow Index accompanied by rising price while bearish turns has seen the price move lower. See chart marked 1,2 and 3 (bullish turns) as well A and B (bearish turns).
- Stochastic Bullish Divergence