Thu, 28 Sep 2023 18:29:28 GMT
South African stocks trade near 2023 low levels
The South African stock index passed below the 69,000.00 level in late August. Afterwards, support was found in the 2023 March low level zone at 67,000.00/67,500.00. After finding support the index confirmed the 69,000.00/70,000.00 range as resistance. Since these events, the stocks have traded between the mentioned support and resistance zones.
A move below 67,000.00 could result in the stock