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Analyst Comment
The yield continues to trade toward the latter stages of a falling wedge technical formation which is in line with the prior breakout. Reclaiming the upper boundary of the channel i.e. the downward trend line, would be an early signal that sellers of SA bonds have re-emerged following the short term capital appreciation (i.e. decline in yields)
Short Term Rating (Daily)
Medium Term Rating (Weekly)
Price vs 21-EMA
Price vs 50-EMA
Price vs 200-SMA
Analysis updated at 10h26 on Wednesday 16 August 2023
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