RobbyP

EXXARO at 2 support levels

Long
JSE:EXX   EXXARO RESOURCES LTD
The 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.
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