Firstly, this will be the last report until the new year, and with that, I wish you and your families a blessed Xmas, and may 2022 be a year of happiness and prosperity.
Weekly, very little has changed, although the chart looks to have completed its pullback to the high R15.60’s.
The Weekly Close remains bullish until we have a close under R15.35 and its with this in mind that I would look to get long from R15.70 – R15.35.
The only thing that I do not like about this chart is that currently we are sitting at overbought levels.
This however can last longer than your patience and squeeze you out of your positions as we are working on a weekly close.