A reverse Head and Shoulders has formed on JSE:SLM.
It is currently trading on the neckline and if it breaks out convincingly we can expect it to go all the way to around the 9000 level. This target level is established by measuring the distance between the top of the head and the neckline and copying the measurement on the upside.
This level coincides perfectly with a gap that formed on the 27th of March and needs to be closed.