JSE Top 40 Index

18 Eki 2022

JSE TOP 40 INDEX - Strong upside follow-through from support between 56823 and 57482 - the range we discussed last week (circled area). The index reclaimed the 8-day EMA and has closed in line with the flat 21-EMA. At current levels, I'm expecting a consolidation (after yesterday's strong rebound). The rating has shifted from WEAK to NEUTRAL while the index is trading in the mid-point of the 2 std deviation 20-day linear regression channel.

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