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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.