RobbyP

Will we avoid the DEATH CROSS?

JSE:J200   South Africa Top 40 Index
I know we have already taken some pain on the Top40 and it appears a relief rally is underway but recent price action shows that the 50 day moving average has now crossed the 200 day moving average (known as a death cross). While this does not necessarily play out 100% of the time, it does serve as a warning that the market is not ok. I would caution against buying this market at current levels because the potential for a sharp pull-back is high.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.