$JSEEXX - Exxaro: Death Cross Triggers Bearish Outlook

The original analysis of Exxaro was on 23.03.2023 and I was already bearish, link below.

Exxaro is notorious for wild swings so this could be a big bear especially with coal prices under severe pressure.
I have overlaid the coal futures prices on the chart in gold

Bearish triggers:
1-Support trendline decisively broken.
2-Death Cross, 50EMA crossed below 200EMA on daily chart and momentum is accelerating.
3-MACD below zero-line.

The wild nature of swings in Exxaro's share price historically could see the price back to the post-pandemic lows in the 7000 region.


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