The updated comment is in 'orange' on the chart.
JSE Coal Miners. Previously I highlighted buy ideas on both EXX at R145 (high of R185) and TGA at R134 (high of R170) while also discussing the equally-weighted relative chart versus the Top 40 Index. This is an updated chart of JSE Coal Miners Relative To JSE Top 40 Index which is a printing it's first test of it's declining 200-day simple moving average (SMA). The combination of ultra short term/short term high bullish momentum/approaching overbought conditions could see a consolidation/minor retracement on a relative basis.
For more research insights, including trade ideas, get in touch today.
JSE Coal Miners. Previously I highlighted buy ideas on both EXX at R145 (high of R185) and TGA at R134 (high of R170) while also discussing the equally-weighted relative chart versus the Top 40 Index. This is an updated chart of JSE Coal Miners Relative To JSE Top 40 Index which is a printing it's first test of it's declining 200-day simple moving average (SMA). The combination of ultra short term/short term high bullish momentum/approaching overbought conditions could see a consolidation/minor retracement on a relative basis.
For more research insights, including trade ideas, get in touch today.