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RossLarter

EXX showing some downward momentum

Short
EXXARO RESOURCES LTD (JSE:EXX)  
RossLarter Updated   
JSE:EXX   EXXARO RESOURCES LTD
Trend Analysis jse ALSI ZAR southafrica exxaro
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trendanalysis jse alsi zar southafrica exxaro
After a nice upward move all the way from late November, EXX is now showing some strong downward momentum and we could possibly look at a short position. The three main momentum indicators we use, the MACD, Stochastic and EMA's are all confirming this momentum.
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