$STXRES Satrix Resources getting hammered-16% and counting since 21 August. Frustrating sitting with any resource ETF's or shares right now. You need a lot of patience and a long term view, or this will be a money losing exercise almost all of the time. Always been a volatile sector of price takers. Feast or famine, and currently it looks
Key stats
About SATRIX RESI PORTFOLIO
Home page
Inception date
Apr 10, 2006
Replication method
Physical
Dividend treatment
Distributes
Primary advisor
Satrix Managers (RF) Pty Ltd.
ISIN
ZAE000078622
The mandate of the Satrix Resi ETF (Satrix Resi) is to track, as closely as possible, the value of the FTSE/JSE Capped Resources 10 index (J310).
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
STXRES: start of wave 5?The price action seems to be at the start of wave 5 out of the Elliott wave analysis.
The 200-month appears to be acting as major support.
The conflux of the 200-day and 200-week, which is close to the 23.6% Fibonacci retracement level might act as a key indicator of upside price potential.
Wave 5 b
#STXRES #JSE - Resources bouncing off Long term levelsResource are very likely the place to be over the medium term. Satrix Resources which is a basket of the biggest resource stocks on the JSE is bouncing off a massive level of previous long term support which has now become support (Change of Polarity). This is a great area to accumulate for the long
SATRIX RESI PORTOFOLIOSATRIX RESI PORTOFOLIO
M- formation has been confirmed and we have a price breakout to the down side:
The MAS are 7<21<200 (Bear)
RSI <50 and a Target price of R47.82
SATRIX RESI PORTOFOLIO – the ETF
Satrix Resi Portfolio is an exchange-traded fund (ETF) offered by Satrix, a leading provider of ind
STXRES ETF - Back to consolidation ZoneSTXRES ETF has returned to a previous consolidation zone but is now lower then the March swing low and 200 wma .
Does the R58.50 - R61.50 horizontal support zone hold for the 3rd time, or do we break lower this time? A break below targets R54 initially. Alternatively, we start seeing some bullish s
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.