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JSE Top 40 Index - Tuesday, 06 August 2024

  • Writer: Lester Davids
    Lester Davids
  • Aug 6, 2024
  • 1 min read

PRE-MARKET


Model reading as of end of day:

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  • The previous swing high has held as a resistance level, with the market retreating sharply from this range. My previous communication highlighted the technical trend rating as high bullish momentum (approaching overbought).

  • Currently trading below the rising 50-day EMA

  • Currently trading below the rising 75-day EMA

  • Currently trading just above the rising 21-week EMA


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Lester Davids

Analyst: Unum Capital


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