$JSESTXRES STXRES weekly Channel support
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Resource stocks on the JSE moving into some support here. Watch for a reversal off the bottom of this channel
Nota
Beautiful reversal off the bottom of the channel on the satrix40 etf so far..Nota
satrixRES etf ratherNota
Resources holding well relative to the rest of the market. Uptrend intactNota
Resources have had a nice move off the bottom of the channel, but I would look at taking profits here as i am seeing massive resistance on the J210 resources index- market battling at the 200 and 50 day ma intersection point
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