STXRESSTXRES - unwinding from the 50-61.8% FIB. My comment from Wednesday is also inserted on the chart. by techpers0
STXRES: start of wave 5?The price action seems to be at the start of wave 5 out of the Elliott wave analysis. The 200-month appears to be acting as major support. The conflux of the 200-day and 200-week, which is close to the 23.6% Fibonacci retracement level might act as a key indicator of upside price potential. Wave 5 bLongby Peet_Serfontein3
#STXRES #JSE - Resources bouncing off Long term levelsResource are very likely the place to be over the medium term. Satrix Resources which is a basket of the biggest resource stocks on the JSE is bouncing off a massive level of previous long term support which has now become support (Change of Polarity). This is a great area to accumulate for the longLongby MarcoOlevano3
#STXRES Satrix Resources - 2011 and 2014 high now support?Change of polarity here on the longer term satrix resources chart. I believe resources are the place to be in the current environment and this is a fantastic entry point to catch the next move higherLongby MarcoOlevano2
$STXRES Resources EFT. Will support hold ? Maybe time to relook at an entry price if support holds. Support held twice before and if it can do it for a third time, 70 could be on the cards again Giving this another day or two to confirm supportby KoosKanmarUpdated 0
$STXRES Satrix Resource ETF - Long term trend break (weekly)Uptrend dating back to 2016 break on the weekly chart. Support at 5850, and if that does not hold, then next support around 5200. The last time this uptrend was broken was during COVID. Ominous looking chart Shortby KoosKanmar111
SATRIX RESI PORTOFOLIOSATRIX RESI PORTOFOLIO M- formation has been confirmed and we have a price breakout to the down side: The MAS are 7<21<200 (Bear) RSI <50 and a Target price of R47.82 SATRIX RESI PORTOFOLIO – the ETF Satrix Resi Portfolio is an exchange-traded fund (ETF) offered by Satrix, a leading provider of indShortby Sahle0
STXRES ETF - Back to consolidation ZoneSTXRES ETF has returned to a previous consolidation zone but is now lower then the March swing low and 200 wma . Does the R58.50 - R61.50 horizontal support zone hold for the 3rd time, or do we break lower this time? A break below targets R54 initially. Alternatively, we start seeing some bullish sby Trader-Dan0
STXRES - On my WatchlistI will be keeping a close eye on the STXRES this week. R67 is a key level that was broken when price moved out of the consolidation period last year Jun-Oct 22 Ideally bulls hold/consolidate at this level and build a base to rally off in the future... Failure here opens R62 and R58 as likely targeby Trader-Dan0
Resources: Technically under pressure...Using the Satrix Resources chart, you can see just how much pressure the index is under. Having clearly broken below the 50 day and the 200 day moving average, the BEARS are now in control. RSI is weak and momentum is building more to the downside, I expect the index to test major support in the comShortby RobbyP0