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Help with Exxaro

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manicks
Regular Contributor
I missed recent run- can i enter at around R15300 level or should i wait for a pullback. Time horizon 3 months.
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1 REPLY 1
indium
Contributor
Volume traded in last two days is almost R600m which is higher than normal. I do not look at charts much. It has run hard in last two weeks. I would wait for 2 to 3 days of a down market and maybe you can pick up for R145 to R150. On a bad days it seems to lose 1.5%.You also need to watch during the day as you can sometimes get the odd time when price dips a rand or two. I find that this often happens at lunchtime when dealers leave their desks. Especially if someone sells at market order. Results are also out in Feb so you may get some action from this. I think it is a good bet for a three month view assuming the current upward market momentum is maintained.
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