$JSESTXRES STXRES weekly Channel support

Resource stocks on the JSE moving into some support here. Watch for a reversal off the bottom of this channel

Kommentera:

Beautiful reversal off the bottom of the channel on the satrix40 etf so far..

Kommentera:

satrixRES etf rather

Kommentera:

Resources holding well relative to the rest of the market. Uptrend intact

Kommentera:

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