$JSESTXRES STXRES weekly Channel support
Updated
Resource stocks on the JSE moving into some support here. Watch for a reversal off the bottom of this channel
Note
Beautiful reversal off the bottom of the channel on the satrix40 etf so far..Note
satrixRES etf ratherNote
Resources holding well relative to the rest of the market. Uptrend intactNote
Resources have had a nice move off the bottom of the channel, but I would look at taking profits here as i am seeing massive resistance on the J210 resources index- market battling at the 200 and 50 day ma intersection point
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