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  • Writer's picturePeet Serfontein

Analyst Thoughts: Top 40 - The Bigger Picture

P*K CORRECTION MATURING WITH MEANINGFUL GAIN POTENTIAL


 

  • View: The general view remains for a maturing P*K consolidation that gains to T1 and T2 should follow.

  • Interim downside off P* to K can complete the range trading conditions.

  • A break of P* and then R1 will activate the illustrated gain potential to cluster target levels around T1/T2/L.

  • A meaningful A,B,C-type correction towards S2 is likely on completion of the 1,2,3,4,5 bull trend.

  • Important levels: A break of S1* will negate the bullish stance.

  • Above P* will activate the larger bull trend to T1 and beyond.

  • Conviction: Medium to high.



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