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Could we expect a pull back?

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Not applicable
A nice double bottom pattern looks like it could be formed and short term downward trend seems to have been broken? Good time to buy?
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7 REPLIES 7
Rams
Super Contributor
no..for double bottom pattern, buy would be around 180..there is also a double top with support around 152
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Not applicable
a relatively weak stock in a resource rally, wouldn't be my first pick to go long with.
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sponono
Super Contributor
the 200 day SMA is starting to face down for the first time since it turned up in June 2009, would not touch it.
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Not applicable
Thanks guys for the feedback. I will keep an eye on this stock for short term purposes with entry at R158.00 and exit at R163.00. Stop loss at R155.00.
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Rams
Super Contributor
would be a good short at the 163-165 level if downtrend remains and shorts covered.
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Not applicable
Nice call Rams! I'm no expert trader and that's why I appreciate everyone's feedback. EXX now looks very bearish with support at R153. If it goes further south it's not gonna look good.
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Dr_Phopho
Contributor
Everyone's feedback is not always corerect
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