Johannesburg -SA stocks edged up on Monday after scaling fresh record peaks earlier, tracking global shares which hit five-months highs, with Woolworths [JSE:WHL] extending its rally spurred by solid earnings.
Woolworths climbed 2.2% after it reported a 29% jump in half-year profit on Thursday.
But its 14-day RSI, a momentum indicator tracked by some analysts, has now strayed into overbought territory, a trend which could cap its climb in coming days.