LCQ trade ideas
Double bottom at the 200d EMA on ExxaroNice double bottom at the 200d EMA. Stock looking like its recovering from price adjusting for a giant dividend paid by the company
Gap triggeredEXX closed above R161.50 to trigger the gap close. Target is at R174. A Close below R156 triggers the stop loss.
EXX Short OpportunityJSE:EXX is showing some downward momentum and if continues, we could be seeing a nice downward move. Look out for the support level at around 16500, but if it breaks through that I think it could go down all the way to the 15000 area.
EXXARO RESOURCES LIMITEDThis is just a short analysis of the potential price zones we could expect with Exxaro Resources Limited JSE:EXX . I think this company has good potential and a solid track record, good luck with everyone's investments I wish you well and a prosperous future!
This is merely an idea and not investing advice, tread carefully and invest on your own risk!!
EXXAROEXXARO Resources has formed a nice weekly head and shoulders pattern and we have seen a break out of the neckline and it seems we are coming to retest the head and shoulders neckline. We anticipate some bullish reaction at that neck line and we expect the share to go up from that of R145 to a target of R184
Exxaro - downward momentumJSE:EXX is showing signs of a possible downward move. The stochastic and MACD both turned downwards last week and with yesterday's downward move, the two EMA's have crossed downwards, signalling a short opportunity. We might see some resistance around the 15000 level, but if it breaks through that, we might be able to set our sights on around 13300 support level.
EXX going shortJSE:EXX is showing signs of a potential short trade coming up. The first signs came with the stochastic and MACD crossing downwards, and it has been confirmed by the downward cross of the 3 and 15 EMA's.
I see it potentially moving down to around the 15000 support level, where it may retrace before potentially continuing downwards. Let's see what happens.
Moves to 180-200 box already ?Exxaro has some good momentum. I'm looking to add into my position when we break and close on the other side of 180
EXX - 1W - FOLLOW UPI Refer my post of 11 Feb 2021. Sentiments are still the same. Would hold if already in, but would not buy at these levels unless you are a momentum chaser. Also close to highs reached in Sep 2020. That being said should that be passed we can possibly look at all time high as next target.
Exxaro looks quite strong at the minute.Exxaro looks quite strong at the minute. Breaking into higher boxes with speed and momentum behind. The stock didn’t stay for too long in the 14000c - 16000c box. After it broke from the 12000-14000 box where it stayed for some time. The stock quickly moved to the 16000c - 18000c box. Now I’m waiting for the break through the 180 resistance to add into my position.
EXX - 1D - THE STORY OF DEMAND AND SUPPLYExxaro is highly overbought on monthly, weekly and daily charts. Rising wedge forming on daily chart is bearish. CEO says they will be making no further investments in coal. 10 ships currently waiting to berth cannot off load due to lack of trains to Ermelo. This means we are importing coal, which is negatively affecting Exxaro. Will not buy at these levels and consider taking profit if already in.
EXX showing some downward momentumAfter a nice upward move all the way from late November, JSE:EXX is now showing some strong downward momentum and we could possibly look at a short position. The three main momentum indicators we use, the MACD, Stochastic and EMA's are all confirming this momentum.
Nice Round bottom on Exxaro. Looking good for a breakNice round the bottom as the share looks to break higher. I'm going to add into my postiion as we break 16550c
Healthy uptrend channelNice uptrend channel as the stock broke out. On the Head and Shoulders pattern which got me in my initial trade. Seems like the stock has a defined line of least resistance. The stock continuously making higher lows and higher highs. When it breaks through the 16722c and again as it breaks through 17996c. My target for Exxaro remains 21240c for now
EXX - Bear flagA close below R124.50 triggers the short trade. Stop loss at R132 with 1st target at R118 and full target at R104.
3 white soldiers & Inverse H&S pattern ExxaroExxaro
We have a potential head and shoulders pattern building in the share. The past 3 weeks gave us a classic 3 white soldiers pattern. The share broke the R128 resistance/support, if we close 3% above it on the daily chart at R131, we could potentially see the uptrend continue and the head and shoulders pattern play out.
Weekly game plan: villagetrader.co.za
Weekly game plan 11 Oct 2020 - EXXOur hesitation here last week here was the right call. Looking for confirmation of a long trade here now.
Weekly game plan 30 Aug 2020 - EXXWe took the long trade last week, although so far it's not working out. Stop loss is below the triangle support.
