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TOP 40 - Bearish Forecast

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JSE:J200   South Africa Top 40 Index
We may derive the following from the Weekly J200 chart:

1. Price has dropped significantly over the past two weeks.

2. At present, price appears to be correcting.

3. It is probable that after a short term correction, price will continue to decline to the major support level (orange box).

4. Wait for a correction pattern to sell.

5. As always - maintain your risk.

Note: The views provided herein do not constitute financial advice.
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