The bear is still boss
Oct 04, 2019
2 minutes
By Lucas de Lange
he dismal state of the JSE continued during September. About two thirds of the top 100 shares, as measured by their market caps, are below their 200-day exponential moving averages (EMAs). And if we exclude the eight commodity shares from the top ten shares, it becomes evident that about three quarters of the rest find themselves in this weak position.
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