Trade the Top 40 Index with Unum Capital.
To get started, email lester@unum.co.za
The index has started to retreated from just below the rising trend, which was previously highlighted as an inflection point within the medium term upward trend. See the previous post below:
Previous Post (Thursday 20 March at 14h44): Trading Top 40: Have You Considered This Angle?
The upper boundary of the channel represents a potential medium term resistance range (i.e. a level at which the price could trade into, then consolidate. If it becomes overbought on a weekly basis, this could coincide with the potential for a retracement.
Lester Davids
Analyst: Unum Capital
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