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Writer's picturePeet Serfontein

Analyst Thoughts: Top 40 - The Bigger Picture

P*K CORRECTION MATURING WITH MEANINGFUL GAIN POTENTIAL


  • View: The general view remains for a maturing P*K consolidation that should be followed by gains to T1 and T2.

  • Current outlook: Interim downside off P* to K can complete the range trading conditions.

  • A break of P* will activate the illustrated gain potential to cluster target levels around T1/T2/L.

  • A meaningful A,B,C type correction is then likely.

  • A break of S1* will negate the bullish stance.

  • Above P* will activate the larger bull trend to T1 and beyond.

  • Conviction: Medium to high

 





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