Unum Capital: Technical Trade Idea - Exxaro Resources

Unum Capital: Technical Trade Idea - Exxaro Resources

Dear Trader
The short term technical setup for Exxaro Resources represents an opportunity on the buy/long side. Briefly, this is what I am looking at:
 
Exxaro Resources

– Has declined from a high of R180 in April

– Currently re-testing inverse head and shoulder breakout
– Currently testing incline support going back to 11 December 2018
-RSI Support
– Buy EXX at current level of R155.10 or better
– Stop-loss: R151.70
– Take Profit Target: 163.00

Please chat to the Unum Capital Trading Desk to take advantage of any trading opportunities.
All the best,
Lester Davids
Unum Trading Desk Analyst
e-mail: clientservices@unum.co.za
Tel: 011 384 2923

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