Other markets struggling ....

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Derek  25 Oct 2017

Morning,

International:
While some markets are struggling against their resistances, the DOW just keep on steaming ahead. The East is all positive this morning.



You will remember that I showed Johnson Johnson when it broke out. I also showed that it will move the same distance as it came into the sideways movement, I show it again. And after moving that distance it was in overbought territory.



JSE Technical:
Rand Merchant has corrected all the way to support. Do notice however that the trend line is not broken yet.



After Imperial Holdings made a double bottom on the break line, it moved up sharply and then started to make a J-cureve.



Enjoy your day.
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