FTSE are making another ....

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Derek  3 Nov 2017

Morning,

International:
Moderate movements all around the world. After the last correction of the FTSE, it started an unslaught on resistance to wipe out the correction in one day. With such a strong move it will most properly smash resistance today.



Yum Brands smashed its negative trend line with a massive +6.51% gain.



JSE Technical:
I mentioned the banks yesterday, but forgot to mention that most of them are making double bottoms. I show this for FirstRand where the double bottom is on support.



Shoprite also bounced off support. Notice that this happened in oversold territory and that FrontRunner is also breaking up.



You must have a fabulous weekend!

PS. You can still email me for 2 short articles I have on chart patterns and candles at derek@zoclee.com. It will change your mind forever when looking at a chart!
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