Resource stocks on the JSE moving into some support here. Watch for a reversal off the bottom of this channel
Note
Beautiful reversal off the bottom of the channel on the satrix40 etf so far..Note
satrixRES etf ratherNote
Resources holding well relative to the rest of the market. Uptrend intactNote
Resources have had a nice move off the bottom of the channel, but I would look at taking profits here as i am seeing massive resistance on the J210 resources index- market battling at the 200 and 50 day ma intersection point
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"If you do what you love, you'll never work a day in your life" - Marc Anthony
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.