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

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.

Kommentera:

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