15 March 2017

Weekly Insights From The FNArena News Desk 15/03/17

One of the “disadvantages”, so to speak, of a strong bull market rally is that share prices can open up a sizeable gap with the 200 daily moving average. This means that when profit taking takes over, and the market is looking for technical support at the 200 MA, share prices can pull back a lot. After a solid month of weakness, miners’ share prices are still not enjoying solid buying support because that gap still hasn’t closed.

 

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