Exxaro has recently met resistance at R238-240 level with a case for a double top. However price has the structure of a backtest (pull-back with decreasing bearish volume). Expectation is for price to resolve upwards and break above declining trendline resistance.
Profit Target: +20%
Stop-loss: R194
Profit Target: +20%
Stop-loss: R194
Trade closed: stop reached
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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.