A moderate bullish bias is applicable above 51700. Technical score: 0 The price action is testing the upper range of the falling wedge pattern – which might act as some major resistance. However, a bullish MACD crossover on the daily time frequency might assist further upside potential. Upside price momentum supports the bullish trend. Only a price action below 51700 will reverse the bullish trend direction. Upside target: 52400. Downside target for a break below 51700 will be 51300. • Tencent, a proxy for Naspers is up 0.8% this morning. • Quarterly futures closeout tomorrow and FTSE/JSE Index rebalancing Friday.