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SOUTH AFRICA ALL SHARE INDEX

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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.

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TAIWAN WEIGHTED INDEX

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Taiwan still needs to prove itself. However, sooner or later breakout from this long-term chart pattern will present tremendous opportunity. 24 year-long sideways consolidation might be close to completion. Breakout should be powerful and preferably once confirmed this market shouldn’t look back. There are two more resistance levels that I will be following and these are 9,700 and 10,350 levels. Taiwan is an emerging market that must be on your watch list.

TAIWAN WEIGHTED INDEX