J211 - Industrial 25 Index (Weekly Chart)J211 - Industrial 25 Index (Weekly Chart) | At current levels, the index is making it's seventh attempt to clear the overhead resistance that has been in place over the 14 month period. Whilst the price has made a weekly break and close above this level, we will not know whether the breakout is a fa
Industrial 25 Index
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JSE Industrial 25 Index. Possible weakness setting inBearish engulfing candle settling in on the daily chart. This is something to take notice off seeing that very large caps like Naspers forms part of this index. Weakness in Naspers will put a drag on any possible upward momentum on the All Share Index. The Industrial 25 index had an incredible run i
J211 Industrial 25 IndexJSE Industrial 25 Index
During March we have seen the multi-year head and shoulder top formation lose it’s neckline support, which is currently being followed by a re-test of the breakdown level at 59511. Using a measured move, the target comes in at 40564, which is 31% lower than the current level
JSE:210 JSE:211 Resources vs IndustrialsSince the beginning of 2018, there has been a clear shift in the investment focus of large institutions. The relative strength against the Top40 shows a relative outperformance of resources and underperformance of the industrial sector. It looks likely that this trend will continue. Up until the end
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's value movements over previous years to identify recurring trends.









