Despite a positive reaction to its Trading update last week, gains only went as far as the incline resistance around R205
We have now ‘lost’ the 50dma; next is the 200dma which coincides with the horizontal support area around R188-R190.
This is the area to watch for a move lower.
We have now ‘lost’ the 50dma; next is the 200dma which coincides with the horizontal support area around R188-R190.
This is the area to watch for a move lower.