I have watched SXE for a couple of years, and was tempted to buy at support of 70 cents. However, the whole mining sector has been weak and many other associated mining services have been falling in price, where I got stopped out of several I was holding.
Technically, SXE has been in a 4 year broad trading range of $1.35 to 70 cents. It has broken that range to the downside. This is highly indicative that price will fall more or at best take some time to break above 70 cents.
The risk to reward does not warrant a position at this time.
I have watched SXE for a couple of years, and was tempted to buy...
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Last
$1.53 |
Change
-0.040(2.56%) |
Mkt cap ! $403.0M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.56 | $1.50 | $718.1K | 469.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36184 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 24908 | 3 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| SXE (ASX) Chart |