Market feeling like it's broken again... so much long-term macroeconomic carnage, but markets are strong..? Makes no sense. Technical setup still looks for the short also.
Our bias is still leaning toward ZAR strength. That said, some risk around the USD getting stronger on the back of trade war news flows... guess we'll see how the week turns.
Seems to be running out of momentum. @ReganYoungsta (on twitter) pointed out falling volume into the bounce... makes us think that we could see another leg down soon.
Upcoming resistance will determine the fate of this stock. It all seems pretty bullish now, but looking out for signs of waning momentum around this resistance zone.
