JSE Resource Index: Looking for Opportunities
The JSE Resources Index (J210) is the one potential light in the tunnel. We have been in an uptrend since 2016 and even after the covid drop recovered to top of the upward stride. Recently we have seen a pullback from the overbought line on low volume. So now we start looking for when the price reaches the oversold line to take opportunities for the next leg up. At the current rate, the next push up could only take place in January 2021 so some patience is required.
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