US30 Slumps ha Reka Matla a Fokotsa 

Azeez Mustapha

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Tlhahlobo ea Maraka - la 3 Mmesa

US30 slumps as buy strength weakens. Recent developments have shown a significant decline in buy strength, resulting in a slump in the US30 index. Over the past few weeks, the US30 index has faced significant challenges in breaching the 4000.000 significant level.

This marks the second time that buyers have failed to surpass this key level, indicating a lack of buying strength in the market. The sell traders, on the other hand, have managed to reach the 39170 significant level, exerting downward pressure on the market.

Maemo a bohlokoa a US30

Methati ea Khanyetso: $ 0.1700, $ 0.1500
Mekhahlelo ea Tšehetso: $ 0.1390, $ 0.1160

US30 Slumps ha Reka Matla a Fokotsa

US30 Mokhoa oa Nako e Telele: Bullish

Several factors can be attributed to the weakening buy strength in the US30 index. Firstly, the market has experienced a prolonged bullish atmosphere throughout the last quarter of 2023 and into 2024. This prolonged period of bullish momentum may have exhausted the buyers. This led to a loss of momentum and a subsequent decline in buying strength.

Additionally, the Stochastic Oscillator momentum is currently oscillating around the overbought area. This indicates that the market is potentially overextended and ripe for a correction. Sellers are taking advantage of this situation by adding further pressure to pull the market down.

US30 Slumps ha Reka Matla a Fokotsa

US30 Mokhoa oa Nako e Khutšoane: Bearish 

Given the current market conditions, it is highly likely that the market will experience a pullback and retest the 38543.000 key level. If the selling attraction continues, the market may trade down to this price level. However, it is important to note that the long-term market strength remains bullish, despite the current dominance of sellers.

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Azeez Mustapha

Azeez Mustapha ke setsebi sa khoebo, mohlahlobi oa lichelete, leano la lipontšo, le molaoli oa lichelete ea nang le boiphihlelo bo fetang lilemo tse leshome lebaleng la lichelete. Joaloka blogger le sengoli sa lichelete, o thusa batseteli ho utloisisa likhopolo tse rarahaneng tsa lichelete, ho ntlafatsa tsebo ea bona ea ho tsetela le ho ithuta ho sebelisa chelete ea bona hantle.

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