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Exxaro Resources: Scale Out i.e. Take Partial Profits. Approaching R235 Target (+38% Since December Alert)

  • Writer: Lester Davids
    Lester Davids
  • May 5
  • 1 min read

Research Notes May 2026 > https://www.unum.capital/post/rmay2026

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Previous Post (23 January)

☰ 'Continuation' Buy Idea From The Watchlist: Target +R235


  • This share is on my watchlist as a 'Continuation Buy Idea'.

  • In the short term, the share is consolidating after an ultra short term burst of momentum.

  • Over the long term, the share has underperformed the broader market.

  • A trigger via an igniting bar on the the weekly (or daily) chart would set the share up for a change of trend. Here, a weekly close above R193 or, if it continues to trade sideways over the next few weeks, a close above the downward trend line.

  • A weekly close below R172 would temporarily invalidate the idea.

  • The share is Exxaro Resources (EXX)

  • Last Close: 18749c



Note: During Q2 2025, we published Exxaro Resources as a medium term buy idea at R146/148 with the target of R185 being reached.



Lester Davids

Senior Investment Analyst: Unum Capital

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