Further downside potential

The ongoing war with Israel and Gaza has spooked investors. This coupled with the inflationary environment could lead to further downside for stocks. The SA40 has been making lower highs and lower lows. Could this be another low unfolding?

Target: R65164.87
Stop loss: R68146.11
Risk/Reward: 2

Traders/Investors should always make their own analysis, the idea posted is just a guideline. Risk management is always your number one priority.