Trading Exxaro Resources: Strong Upside Follow-Through Off Buy Re-Entry Range (Sub-R146 to R164); Now At Multi-Week Highs

Research Notes For 07 to 11 July > https://www.unum.capital/post/r0711july

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We discussed EXX on 28 April, looking at R146 to R148 as a provisional buy range. The share traded into this range and slightly below that (giving traders an opportunity to re-accumulate). We are now seeing a test of the horizontal resistance with a potential break.

As highlighted to clients on 28 April.

Lester Davids

Senior Investment Analyst: Unum Capital