JALSH To Head Higher

South Africa's Johannesburg All-Share Index has exhibited some bullish technical signals of late, boding well for further gains over the short-to-medium term. Having found support at 25,730 in early February, the market has rallied by 11.9% to 28,800, and thereby pushed through its recent high of 28,591. Moreover, the JALSH closed the week of March 15-19 on a relatively strong note, above key resistance at 28,400.

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