The Head and shoulder pattern break. If you remember the head formation was as a result of a giant Dividend. Price has since recovered
bullish continuation triangle pattern at play a major move is expected on Exxaro
Price has formed a nice IHS setup here closing above the resistance level of 18400. A long position can be initiated with a ST limit of 20800. It would be prudent to observe price behavior at the 18900 level as this level has been tested previously with selloffs ensuing thereafter. ST and LT primary trends are up in this stock but as always apply your risk...
Price has eventually broken out and closed above the resistance level of 18400. A long position can be initiated with a ST limit of 20000. It would be prudent to observe price behavior at the 18900 level as this level has been tested previously with selloffs ensuing thereafter. ST and LT primary trends are up in this stock but as always apply your risk management...
Something's up with coal prices and it is pulling EXX up. Cup and Handle formation playing out.
An extract from my pre-market note. Exxaro Resources (EXX, R177.38): We consider analysis of the monthly chart a key variable in our outlook. EXX has traded in a sideways range for 12 years and has the potential for upside acceleration to test the March 2012 highs at R214.95 on the back of a potential moderate fundamental re-rating post it’s results. For the...
Previous resistance so far providing good support on exxaro. I'm calling it 200/210 in the short-medium term.
A gap that formed on JSE:EXX on 27th of April this year has finally been closed with this morning's price action so far. The tendency is to retrace a bit after a gap close, but there seems to still be quite a lot of upward momentum. We would need to keep an eye on this one to see if any trading opportunities present themselves in the near future.
A break of the 166 resistance area will provide an opportunity to join the uptrend!
Nice double bottom at the 200d EMA. Stock looking like its recovering from price adjusting for a giant dividend paid by the company
EXX closed above R161.50 to trigger the gap close. Target is at R174. A Close below R156 triggers the stop loss.
JSE:EXX is showing some downward momentum and if continues, we could be seeing a nice downward move. Look out for the support level at around 16500, but if it breaks through that I think it could go down all the way to the 15000 area.
This is just a short analysis of the potential price zones we could expect with Exxaro Resources Limited JSE:EXX . I think this company has good potential and a solid track record, good luck with everyone's investments I wish you well and a prosperous future! This is merely an idea and not investing advice, tread carefully and invest on your own risk!!
EXXARO Resources has formed a nice weekly head and shoulders pattern and we have seen a break out of the neckline and it seems we are coming to retest the head and shoulders neckline. We anticipate some bullish reaction at that neck line and we expect the share to go up from that of R145 to a target of R184
JSE: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.
JSE: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.
Exxaro has some good momentum. I'm looking to add into my position when we break and close on the other side of 180
I Refer my post of 11 Feb 2021. Sentiments are still the same. Would hold if already in, but would not buy at these levels unless you are a momentum chaser. Also close to highs reached in Sep 2020. That being said should that be passed we can possibly look at all time high as next target.