Friday, 27 September 2024
Time Published: 18h35
Here's some context on the share price moves in JSE Resources and Industrials relative to JSE Financials.
There have been significant gains over 1-2 weeks, however, zooming out to the monthly chart reflects a relatively small move which may suggest 'room to run'. The relative lows highlight the ratio trading at the lower boundary of the parallel channel which coincides with the prior breakout level seen in February 2020.
Monthly Chart
Lester Davids
Analyst: Unum Capital
Comments