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SATRIX RESI PORTFOLIOSATRIX RESI PORTFOLIOSATRIX RESI PORTFOLIO

SATRIX RESI PORTFOLIO

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STXRES trade ideas

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.
JSE:STXRESLong
by Peet_Serfontein
#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 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
JSE:STXRESLong
by MarcoOlevano
1
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 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.
JSE:STXRESShort
by Sahle