Thursday, December 11, 2008

The market is showing positive signs

After having experienced extreme volatilities in the last few months, the market is now showing encouraging patterns pointing to higher prices / index values. The first chart is the FTSE/JSE Top 40 index.



The chart shows the Top 40 index has completed an inverse Head & Shoulders pattern, and it has broken out, pointing to a target of 23,640.
The second chart shows Sasol, which has a similar price movement. It too has completed an inverse Head & Shoulders pattern, and it is now pointing to a target of R365.

1 comment:

wang said...

i found it very useful ,cause i am quiet interested in investment, it helps me a better understanding .