Derek  30 Oct 2017


Markets kicked off mixed in the East this morning after the US ended strong on Friday. The NASDAQ was the only index that broke its EMA8 line downwards, but I show how quickly it reacted back to follow the rest of the US.

Nvidia Corporation, one of the strongest trend shares in the US, never broke its EMA8 (orange) line during the last correction.

JSE Technical:
After touching support, Remgro made a bullish candle. If it moves positively today, the trend line will be broken. Notice that FrontRunner has not broken up yet.

Netcare also corrected back to a very strong support. Notice that FrontRunner did break upwards.

Enjoy your day.
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