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

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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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