https://blog.techcharts.net/wp-content/uploads/2017/08/Aug-8-Featured-Image-III.png 440 661 Aksel Kibar https://blog.techcharts.net/wp-content/uploads/2017/05/Tech-Charts-logo-FINAL-CLEAN-340w.png Aksel Kibar2017-08-08 06:54:262017-08-08 06:56:36SOUTH AFRICA ALL SHARE INDEX
South Africa equities are possibly entering into a strong uptrend with the completion of a 2 year-long sideways consolidation. Last week's price action breached the multi-year trend resistance on the South Africa All Share index and pushed the local equity benchmark to all-time highs. Breakouts from multi-year consolidations usually result in multi-month trends. 54,600 levels will remain as strong support. Possible chart pattern price target for the South Africa All Share Index stands at 63,700 levels.
There are several tradable ETFs listed on the local exchange and also on the global exchanges. Below is a chart of South Africa listed ETF.Read More