Short

$J210 Resources monthly chart - not at levels to chase.

By MarcoOlevano
Updated
Explanation in the chart. Not an area i would be getting involved in commodity stocks on the JSE. Probability favours consolidation and a retracement in the sector.
Comment
Monthly chart looking good again after trying to break both resistance trendlines intra month. If the monthly closes around here (2 trading days to go) this will be a very bearish reversal candle within both trendlines & i would be even more cautious on resources going forward
Chart PatternsTechnical IndicatorsJ210jseresources
MarcoOlevano
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