techpers

EXX

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JSE:EXX   EXXARO RESOURCES LTD
Exxaro Resources EXX: Possible buy/long trade on trigger.

How I'm seeing it:

The 19000c level was an important demand-supply zone. The share found support and has continued to develop a potential bull flag.

May be continue consolidation in ultra short term however, trigger is breach of downward trend line.

Provisional Levels:

Current: 19863c
Target: 22000c
Stop-loss: 19200c

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