It wants to break out and run hard, and it looks like that won't take much prompting.
I'm expecting a quick run at some stage to $3.60 and then some consolidation for a while at the EOFY and news of the next dividend.
But I'm not a chartist.
Of course, if SXY really wanted all the punters and speculators to come flooding in, and the price to shoot over $5 very quickly, then all it would have to do is mention that it's struck a deal for some (excess) gas to be used on a (blue) hydrogen fuel JV or agreement. But we wouldn't want that, would we?
Gw
SXY Price at posting:
$3.12 Sentiment: Buy Disclosure: Held