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RossLarter

EXX going short

Short
EXXARO RESOURCES LTD (JSE:EXX)  
RossLarter  
JSE:EXX   EXXARO RESOURCES LTD
Trend Analysis Support and Resistance jse ALSI ZAR southafrica jsetop40 exxaro
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trendanalysis supportandresistance jse alsi zar southafrica jsetop40 exxaro
EXX is showing signs of a potential short trade coming up. The first signs came with the stochastic and MACD crossing downwards, and it has been confirmed by the downward cross of the 3 and 15 EMA's.

I see it potentially moving down to around the 15000 support level, where it may retrace before potentially continuing downwards. Let's see what happens.
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