STXEMG trade ideas
Satrix Emerging Markets - STXEMG- R46 held and we reached the R50-52 zone as per the idea below .
- A possible flag building here that could potentially test the down sloping 200dma alternatively we could go to the bottom of range again if the bulls drop the ball
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
STXEMG - Long Idea- The price is in a consolidation phase after the recent major leg down.
- Looking for a move towards R50-52 zone initially.
- Stop loss below R46
- NB This is a counter trend trade.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.