Breakaway Gaps for All Indices .... Capitec's good results on JSE

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Derek  6 Sep 2019

Good morning,

Markets gain on trade-deal hopes and positive U.S. economic data.

All the indices in the U.S. broke out of the volatility bands with a breakaway gap.
The S&P500 is now above the 50 day moving average again.

The ASX also broke a strong resistance this morning. Notice the divergence at the turn at the bottom.

The same breakaway gap for Bank of America. The 50 day moving average gave some resistance and the the price closed on the 200 day moving average.

The no.2 trend share in the S&P500, Copart, used this positive moves to smash top resistance in one move.

JSE Technical:
This time the JSE is following world markets and the Satrix40 broke the 200 day moving average.

After a looooong correction, Capitec published excellent results and the price shot up. Notice the FrontRunner warning that a much higher high is still coming.

You must have a great weekend.
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