JSE:J200 Top 40 Change in Character

1 במרץ 2020

This week has seen the largest down bar. Volatility to the downside has been increasing since 2015 and the clear change in character (CoC) last week could indicate a lot more downside to come. We have been following what has been looking like distribution for some time and this move could be the markdown in phase D. After a possible pause at the bottom of the trading range we could be in for a larger markdown below the trading range in phase E.