Exxaro has recently met resistance at R238-240 level with a case for a double top. However price has the structure of a backtest (pull-back with decreasing bearish volume). Expectation is for price to resolve upwards and break above declining trendline resistance.
Profit Target: +20%
Stop-loss: R194
Profit Target: +20%
Stop-loss: R194
Trade closed: stop reached
