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Northam - Short

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The stochastic, MACD and the 2 EMA's have all turned downward on JSE:NHM - all signaling a short position. It has, however, been in an uptrend since end of Jan, so we might only see a retracement before a continuation upward. If it does go down, I dont think it will go much further than the support area around 23000.
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ALSIjsenorthamsouthafricaTrend AnalysisZAR

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