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STXRES
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SATRIX RESI PORTFOLIO

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STXRES trade ideas

$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 more like famine than feasting.

by KoosKanmar

$STXRES Resources. Two year downtrend broken A two year downtrend on the Satrix Resources ETF has been broken. The 200 day moving average has been tested and it acted as support. Looking bullish. I have a position. Target for me is 76.

Long

by KoosKanmar

STXRES STXRES - unwinding from the 50-61.8% FIB. My comment from Wednesday is also inserted on the chart.

by techpers

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 begins after the completion of Wave 4, which is a corrective wave. Wave 4 typically ends without moving into the price territory of Wave 1, adhering to one of Elliott's key rules. Wabe 5 is often driven by a strong sense of euphoria or "herd mentality" among investors. It is a period where the prevailing trend is embraced by the majority, sometimes ignoring underlying fundamentals.

Long

by Peet_Serfontein

#STXRES #JSE - Resources bouncing off Long term levels Resource 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 term in my opinion. Will be happy to review after a few months but for now 3x hold of support shows the bulls mean business. Constituents below: ibb.co

Long

by MarcoOlevano

#STXRES Satrix Resources - 2011 and 2014 high now support?Change of polarity here on the longer term satrix resources chart. I believe resources are the place to be in the current environment and this is a fantastic entry point to catch the next move higher

Long

by MarcoOlevano

$STXRES Resources EFT. Will support hold ? Maybe time to relook at an entry price if support holds. Support held twice before and if it can do it for a third time, 70 could be on the cards again Giving this another day or two to confirm support

by KoosKanmar

Updated

$STXRES Satrix Resource ETF - Long term trend break (weekly)Uptrend dating back to 2016 break on the weekly chart. Support at 5850, and if that does not hold, then next support around 5200. The last time this uptrend was broken was during COVID. Ominous looking chart

Short

by KoosKanmar

SATRIX RESI PORTOFOLIO SATRIX 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 index-tracking products in South Africa. The Satrix Resi Portfolio specifically focuses on tracking the performance of the FTSE/JSE Capped Property Index. As an ETF, the Satrix Resi Portfolio aims to provide investors with diversified exposure to the South African listed property sector. The Satrix Resi Portfolio is designed to replicate the performance of the FTSE/JSE Capped Property Index by investing in the constituent securities of the index. This index includes some of the largest and most liquid property stocks in South Africa. The weightings of individual stocks within the portfolio are determined by their market capitalization, with larger companies having a greater impact on the fund's performance. The ETF structure allows for easy buying and selling of shares on the JSE, providing liquidity and flexibility.

Short

by Sahle

STXRES ETF - Back to consolidation Zone STXRES 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 support for a possible reversal. I will be keeping this one on the watchlist for the coming week to see how price develops in this area.

by Trader-Dan

STXRES - On my Watchlist I will be keeping a close eye on the STXRES this week. R67 is a key level that was broken when price moved out of the consolidation period last year Jun-Oct 22 Ideally bulls hold/consolidate at this level and build a base to rally off in the future... Failure here opens R62 and R58 as likely targets.

by Trader-Dan

Resources: Technically under pressure...Using the Satrix Resources chart, you can see just how much pressure the index is under. Having clearly broken below the 50 day and the 200 day moving average, the BEARS are now in control. RSI is weak and momentum is building more to the downside, I expect the index to test major support in the coming week or so at around R60.00. That relates to about 10% potential downside from current levels...

Short

by RobbyP

$STXRES Satrix Resources. Testing channel break STXRES broke back into the channel and retestd the resistance line. Bottom of the channel as a target is not a possibility. No position

by KoosKanmar

Updated

Breakout or Fakeout ??? #STXRES Chart looks very compelling for a long bias. Today's CPI data will be the deciding factor to whether this move is legit, or we fall back into range ... Important to note that the resistance or breakzone lines up with the yearly pivot .

by Trader-Dan

$STXRES Satrix Resources. Testing channel resistance History never repeats itself, but it does often rhyme - Mark Twaine Target 6100, unless we break resistance this time around.

Short

by KoosKanmar

SATRIX RESI ETF Satrix Resirces ETF a continuation pattern at play to the upside

Long

by Sbo_Dhlamini

$STXRES Satrix Resources. Testing channel support (again)This channel is holding up pretty well with the top and the bottom of the channel being tested multiple times. Best case scenario is support holds up once again and and we test the top of the channel Worst case is this ends up being a bear flag, support breaks to the downside and we test support levels lower down (blue lines) If you go long, impliment a stop loss. This is a bear market after all.

by KoosKanmar

STXRES Satrix Resources. Bear flag ? Satrix resource ETF is currently trading in a channel, but after a rejection at the SMMA 40 this could end up becoming a bear flag channel. Watch out for a possible break of this channel. Target area if this flag breaks is 5123-4736 Watching. No position.

by KoosKanmar

$STXRES Satrix Resources. Testing channel break After breaking out of the downward sloping channel we are now testing this channel line again. Adding some as I think/hope this line will act as support Target if this support line holds is R67,50. Small position. Be nimble

Long

by KoosKanmar

Updated

STXRES Satrix Resources. Channel resistance STXRES reached the top of what looks like a descending channel. Some resistance is expected. Will the bottom of the channel be tested again or could we see a break of the upper channel resistance line ? Neutral right now.

by KoosKanmar

Updated

STXRES JSE Resources via $STXRES Monthly Chart: 2 rebounds off the prior breakout/resistance level. Daily: 'neutral', from previously 'oversold' Weekly: 'neutral', from previously 'oversold' Monthly: 'neutral', from previously 'strong'.

by techpers

STXRES Satrix Resources. Channel Support Channel support on the Satrix Resources ETF seemed to have held. Possible target could be the top of the channel. I have a position. Be nimble in these volatile markets.

Long

by KoosKanmar

Updated

$STXRES ETF. Fake break and a big drop Lesson to all (including myself). In volatile markets adhere to what TA is telling you. The fake break (circle) indicated fading strength. This was followed by huge weakness in a very short period of time. It looks like we're on a bit of support right now. It would be interesting to see if support hold.

by KoosKanmar

11 22

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