Research: Pivot Levels, Money Flow Updates and JSE Sectors

Research: Pivot Levels, Money Flow Updates and JSE Sectors

#1. Pivot/Support and Resistance For Shares Above R20bn in Market Cap.

 

#2. Money Flow Updates
 
On Monday last week we highlighted the MFI for JSE large caps with the following comment: “The money flow index is an oscillator that ranges from 0 to 100. It is used to show the money flow over several days. The higher the MFI reading, the stronger the flows of capital into a particular instrument in the most recent past. The lower the reading, the greater the exodus of capital from the instrument. The MFI however can also be used as a contrarian indicator, where strong flows can be seen as crowded trades and weak flows can be seen as unloved assets which may in the near set up a bullish reversal.
These were the results of the top 5 and bottom 5 shares (performance on the right hand side, blue column).
#3. JSE Sectors

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