Exxaro long idea based on uptrend and upcoming support levelWill be going long around the support area. Strong uptrend in place coupled with strong support level.
EXX trade ideas
EXXARO at 2 support levelsThe price has come down steadily to test the rising trend support at around 126.00. However, there a small horizontal support at 124.00 that is a stronger buy. The stock is extremely over-sold at current levels but it does leave the door open for price capitulation. The play here is to wait for a green candle and then buy for a relief rally.
JSE:EXX Exxaro Stepping Stone Re-accumulation Exxaro has be in a strong upward stride. In the recent move from the oversold line there has been two stepping stone re-accumulations. The current re-accumulation is about to be broken which would continue the move to the overbought line.
