JSE:EXX is showing signs of a potential short trade coming up. The first signs came with the stochastic and MACD crossing downwards, and it has been confirmed by the downward cross of the 3 and 15 EMA's.
I see it potentially moving down to around the 15000 support level, where it may retrace before potentially continuing downwards. Let's see what happens.
I agree that it looks like a short is it play,
However do you think the possible positive earnings report might boost the price upwards?
Trying to take advantage of a possible price decrease yet this earnings is mudding the water
as it may be a catalyst that pushes the price upwards or the good news has already been
priced in.
RossLarter
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@moneymondays, I feel that often the good/bad news is often already priced in - If there is a jump, it will likely only be a temporary one before continuing.
However do you think the possible positive earnings report might boost the price upwards?
Trying to take advantage of a possible price decrease yet this earnings is mudding the water
as it may be a catalyst that pushes the price upwards or the good news has already been
priced in.