Wij gebruiken een aantal cookies om u de best mogelijke browser ervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer leren over ons cookie-beleid of door op de link te klikken onderaan iedere pagina van onze website.
The price of the SA40 index has now pulled back marginally on an intraday basis, and is testing the resistance of the range formed around 40650, while attempting to confirm a breakout.
Should the breakout confirm with a close, the height of the consolidation projected from the resistance arrives at our favoured target of 41250.
The Stochastic remains in overbought territory, warning that the recent upward move may be overheated; however it does not suggest trading against the trend. Oscillators such as the Stochastic can remain overbought for quite some time in a significant uptrend and should only be used to confirm a reversal in price (which has not yet occurred in this case).