Partridge, I look at the chart only. What I like about the monthly chart is that the long term support line, which goes back about 5 years and comes in now at about R112.00, has been tested and held on several occasions in the past 3 months. Further, the resistance line of the downtrend which started in November 2015 comes in at about R117.00 at present. DSY has been flirting with that resistance line in the past couple of weeks. If it can break out of that downtrend it will resume its prior uptrend and will look good for the longer term. Of course if it breaks below that long term support line it's a different story. I favour an upward break because it is so overbought on the monthly chart. I also believe we are in for some rand weakness which will help. I don't expect the bears to give up that downtrend easily but I think it will happen one of these days.
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