RobbyP

Death Cross Coronation

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JSE:CML   CORONATION FUND MNGRS LD
A death cross is when the 50 day moving average crossed below the 200 day moving average. This is what has played out on this stock over the last few days (maybe they held a lot of Naspers). This is one of the most bearish signals. I wouldn't be surprised if we saw a sharp move lower back to the R40.00/R38.00 levels.
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