Sector Lead,
Agree it might want to retest that 23.5c level, given the drop in POO on Friday (another 5%) . we need to be mindful there is no history of support and we are in uncharted water.
Once POO forms a base it will correct hard IMO up to $60 again, and SXY will run up with it, back to possibly just above .40c . I'm watching it closely at present. for people not looking to trade the stock and with a 6 months time frame SXY is a safe entry at anything in the 20's. IMHO
SXY Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
