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The JSE TOPI Index update.
An overlapping longer term bull phase suggests ongoing volatile moves with an upside bias over time.
The medium term view of moderate further gains remains valid.
The maturing bull trend could have moderate further shorter -term upside potential.
Despite the short-term bullish bias, it is increasingly difficult to see a medium- term extended bullish scenario from current market levels.
Recent formations and price action suggest volatile and overlapping moves over the foreseeable future.
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