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Exxaro - downward momentum

Short
EXXARO RESOURCES LTD (JSE:EXX)  
RossLarter  
JSE:EXX   EXXARO RESOURCES LTD
Trend Analysis jse ALSI ZAR southafrica exxaro
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trendanalysis jse alsi zar southafrica exxaro
EXX is showing signs of a possible downward move. The stochastic and MACD both turned downwards last week and with yesterday's downward move, the two EMA's have crossed downwards, signalling a short opportunity. We might see some resistance around the 15000 level, but if it breaks through that, we might be able to set our sights on around 13300 support level.
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