Based on the volume I suspect institutional buying is starting to pick up ahead of the pending outlook presentation. My gut says we’ll get to around 0.55 once ID presents the 2019/20 outlook which puts SXY at a market cap of around $850M which should be close enough to be reconsidered for the ASX 200. Once that happens it’ll be sailing up 0.70 with significant volume.
Just my two cents and we get ready for liftoff.
SXY Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
