$JSESTXRES STXRES weekly Channel support

Resource stocks on the JSE moving into some support here. Watch for a reversal off the bottom of this channel

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Beautiful reversal off the bottom of the channel on the satrix40 etf so far..

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satrixRES etf rather

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Resources holding well relative to the rest of the market. Uptrend intact

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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