Timonrosso

Exxaro looks fantastic to R208.22!

Long
JSE:EXX   EXXARO RESOURCES LTD
We recently saw it break out of the medium downtrend since January 20024.

The price broke above the W Formation's neckline and above the 20 and 200MA.

This states the medium term nature is HIGH probability for upside.

The concern is the price gapped up and now needs to fill.

SO I am patiently waiting for the Gap to close and then rebuy on the bounce of the retracement.

Target to R208.22.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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