Peet_Serfontein

EXX: worth the risk?

Long
JSE:EXX   EXXARO RESOURCES LTD
A price action above 19100 supports a bullish price action.
Increase long exposure for a break above 19800.
The target price is set at 20800.
The stop-loss price is set at 18000.
Remains above its 200-day simple moving average.
The falling wedge pattern supports the suggested target price.
The price action at the 23.6% Fibonacci retracement level might act as some support.
Remains a risky trade.

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