Big up momentum - EXXAROA symmetrical triangle had formed on $JSE:EXX. Yesterday's price action broke through the triangle in an upward direction, triggering a long position. Today's momentum has remained strongly upward. If this momentum continues over the next few days I can see us easily reaching our target
EXXARO long position looking goodWe were entered into a long position on 24th of August based off of our momentum strategy. It took two days to get into a profit situation but with today's price action we are nicely in a profit situation for now. It may find a bit of resistance at the current levels, but once it breaks through I ca
EXX Short after failed LongAfter our stop loss was reached when it broke out above the consolidation zone, it became clear that our trigger to enter long was a false breakout of the consolidation zone. With yesterday's move, VELOCITY:XJSE_EXX_CFD has broken out of the bottom of the sideways consolidation zone. Let's hope th
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