JSE:STXIND Industrial Index Breaking Structure

By SteynTrade
The JSE Industrial Index has broken below the lows of the distribution trading range. Some support could be found at 5500 but after a backup to the trading range, the markdown should begin in earnest. The Industrial Index is stronger than the Top 40 index and the decline in this sector is slower than the rest of the stocks.
industrialjseSTXINDSupply and DemandSupport and ResistanceVolume IndicatorVolumewyckoff
SteynTrade

Related publications

Frånsägelse av ansvar