Quality technical signal from the MACD.
MACD bullish crossover might trigger further upside potential.
Do not like the low liquidity. But like the pattern...
Dr Copper! What are you telling us?
Repetitive price actions? Light trading volume remains a concern.
Overall trend remains bearish.
Increasing bullish confluence of technical indicators.
The previous instances of the Golden Cross signalled some upside potential.
Relative chart J510 vs J203. Trading at its upper 2 std deviation. Sell overvalued Resources Buy undervalued JSE Overall (industrials)
Increasing bullish confluence of technical indicators.
Does Golden cross signalling further upside potential? Upside price momentum remains applicable.
Downward price momentum supports a bearish trend direction. Alternative: Might the 200-day act as some support?
First such a signal since October 2018, before the rally started.