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SATRIX RESI PORTFOLIOSATRIX RESI PORTFOLIOSATRIX RESI PORTFOLIO

SATRIX RESI PORTFOLIO

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STXRES trade ideas

$STXRES ETF. Resources bouncing off supportThe Satrix resource ETF has been trading around a defined uptrend for a couple of years now. Recently it broke out of the range and retested the upper band of the range before moving higher again. The upper band has been tested once more and you have to wonder if the recent high will be challenged again 7440. Large economies seem to be running hot at the moment which means the demand for resources will continue to rise. Maybe another buy opportunity here.
JSE:STXRESLong
by KoosKanmar
JSE Resource Index: Looking for OpportunitiesThe JSE Resources Index (J210) is the one potential light in the tunnel. We have been in an uptrend since 2016 and even after the covid drop recovered to top of the upward stride. Recently we have seen a pullback from the overbought line on low volume. So now we start looking for when the price reaches the oversold line to take opportunities for the next leg up. At the current rate, the next push up could only take place in January 2021 so some patience is required.
JSE:STXRES
by SteynTrade
4
JSE:STXRES Resources Index Breaking Upward StrideThe drop in resources has been unexpected to me (See posts below). I would expect gold stocks to improve in a risk-off environment. However, this has not happened. The theory seems to be that due to the selloff in other stocks large interest has also been caught on the wrong side of trades and have had margin calls and needed to raise cash quickly. They have done this in holdings that were profitable and easiest to sell which have been the safe haven areas such as gold and bonds. Further, with the price war in oil that has also affected the resources index. The start of the trading range looked like a reaccumulation range with the volume on the increases and higher highs being made. Price also held above the yearly pivot point as has been the case since 2017. However, the last increase was on very low volume which should have been a pre-warning to what is to come. A high volume attempt to go up on the last green bar had no response and then followed the decline. The upward stride has been broken and resources have turned bearish.
JSE:STXRESShort
by SteynTrade
STXRES (resources) telling us something?Cyclic lines are the repeating vertical lines and will appear equidistant apart and will appear indefinitely into the future. As time goes on, the vertical lines will keep appearing and will always have the same amount of space between them. Coincident that the tops and bottoms almost repeat at these vertical lines or intervals? Might there be upside potential from here for the resources (AGL & BIL)? Finding it hard to believe - but surely the chart is telling something...
JSE:STXRESLong
by Peet_Serfontein
SATRIX RESI PORTFOLIOSATRIX RESI PORTFOLIO H4 (240 Minute) Timeframe Reasons For Entry: - Ending Diagonal - Supply Zone Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors. This Page has many charts to show setups and patterns for illustrative purpose and no set up given should be taken as a recommendation. This is purely what I see in the market, trading the setups is at your own discretion and risk.
JSE:STXRESShort
by TheGreatestMarketAnalyst