- Price at big overhead resistance
- Bear flag developing
- Last two sessions has seen spike in volume with both days ending in the red.
- Breakdown targets 2513c
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:
JSE:DLT 12
JSE:TON 17
JSE:ADH 23
...
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
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