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EXXARO

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hs
Regular Contributor
Any views on Exxaro for the short term. Must I go long or short.
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10 REPLIES 10
John_the_Baptis
Contributor
I recon long..but Tom168 is the exxaro guru. But HS.you tell me.Will Exxaro Rise?
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hs
Regular Contributor
I believe EXX is setting itself up for a good week next week.
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jacki
Not applicable
short exx
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Not applicable
The bottom of the current trading channel is 135-ish. The indicators are not entirley convincing though. I'll take a little nibble starting at 135-50, and again at 140 and 145. Target maybe 178.
Only my opinion.
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Ruby
Contributor
I'm no guru, but if I'm not mistak'n the daily chart is forming a head and shoulders with the neckline at about 132.50. This support/resistance line goes back to 14/03/2008. My humble opion is that I'm waiting to see what happens when it reaches that level, but otherwise I aggree with Jacki - short for now.
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Ruby
Contributor
O, and there is a gap between 13/06/2008 and 17/06/2008 that's still not closed, and if it does close it leaves us on the neckline.
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Not applicable
Looks like a bit of a gap on the open this morning?
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Not applicable
I think you are spot on...
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Not applicable
Come on Chartist. That's enough now . . .
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m9o
Contributor
Crossed essential simple moving averages to the upside. Think R160 is on the cards.
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