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Topi Support 32,385...

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DEP
Super Contributor
... a close below major support at 32,385 (Topi) could spell big sell off for the JSE.
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8 REPLIES 8
DEP
Super Contributor
... most important support - i believe is the S&P 500 (50 days moving average) of 1425. Its gone below this morning however, we need to close below 1425!
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Russ
Super Contributor
Gld looking interesting.Very oversold on daily chart.If rand starts tanking again it should resume its uptrend.
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sponono
Super Contributor
have set an ambush at R140 (the previous resistance level)
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Russ
Super Contributor
Wouldn't surprise me to see the rand weaken to around 9.50 in the next few months.Check the USD-ZAR weekly chart.There has been a breakout to the upside of a massive rising triangle that formed over the last year or so.It has come down from an overbought position but should start weakening again imo.
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sponono
Super Contributor
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DEP
Super Contributor
Topi just under 32490 about 100 away from major support. S&P closed below 50 days
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Rams
Super Contributor
TOPI now 32700...and S&P gone below 1425?
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sponono
Super Contributor
held up nicely: about 400 points higher
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