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MarcoOlevano

$JSESTXRES STXRES weekly Channel support

Long
SATRIX RESI PORTFOLIO (JSE:STXRES)  
MarcoOlevano Updated   
JSE:STXRES   SATRIX RESI PORTFOLIO
Chart Patterns
6
1
chartpattern
Resource stocks on the JSE moving into some support here. Watch for a reversal off the bottom of this channel

Comment:
Beautiful reversal off the bottom of the channel on the satrix40 etf so far..
Comment:
satrixRES etf rather
Comment:
Resources holding well relative to the rest of the market. Uptrend intact
Comment:
Resources have had a nice move off the bottom of the channel, but I would look at taking profits here as i am seeing massive resistance on the J210 resources index- market battling at the 200 and 50 day ma intersection point
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