Update: Approaching Sub-3500c Bear Flag Target (Now ~3600c) + Current Technical Trend Ratings

The update to this research note is free.

Please Note: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes.

Risk recently re-iterated (16 July) at 4785c. Yesterday's low = 3592c.

WHL Before (16 July) at 4785c.

WHL After (14 September)

The technical trend ratings for the Monthly, Weekly & Daily time frames all currently point to deeply oversold conditions.

Long time readers of our research will recall us highlighting the overextension risk when the share traded at 7789c. This note was published 3 years ago on Monday 14 August 2023.

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Previous Post (16 July)

⚠️Caution: Bear Flag (via weekly) Targets Sub-3500c

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Also forms part of a larger head and shoulder formation.

Lester Davids

Senior Investment Analyst: Unum Capital