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Online Share Trading

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Anyone going Long Resources

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platsak
Super Contributor
Looking at AGL,EXX, Kumba, Bil and STX40 . Your comments will as always be apreciated.
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5 REPLIES 5
Not applicable
Ek is kort op AGL van gister middag af. AGL made quite a sharp peak at 25 recently ago, Question is: markets strong enough to break 25 today??
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Not applicable
Chinese markets looking strong, looks like a long
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Agl has big resistance at R250. I'll wait for it to break R250 and confirm the break before going long. To me, it looks like a short at the moment -OMO
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venice
Super Contributor
Agl has resistance at 250 and support at 240. I would wait for a break of 250 to go long or 240 short.
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HiSo
Frequent Contributor
Both AGL and EXX are in overbought regions on both the weekly and daily exponential RSI's and have also moved quite far from their 21 day EMA's. If you look at the Elder Ray indicator you'll see that there's normally a pullback when they move this far from their averages so I'd wait for a retracement before going long.
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