Caution called for
Resources stocks looking to downside and breakout potential either way for BHP Billiton
RESOURCES STOCKS have had a good run in recent weeks and we take a look at the JSE Resources 20 index (Resi) to see if its price chart is giving any clues to future direction. We also look at resources giant BHP Billiton, which has been fairly muted relative to other resources stocks over recent months. It’s preparing for a sharp move. Traders are cautioned that resources stocks will become overextended over the short term.
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