I better go look this up, or perhaps some other Chartists can comment - it's a Bull Flag Breakout based on the intra-day high of 27.5c, although the close was on it at 27c. Certainly the volume today was heavy, double the average of 3m in last 12m.
If it is confirmed, we should target an SP rise by the flagpole height about 19c from the breakout point 27c to 46c over a period equivalent to the flag, about 2 months.
Thoughts?
SXY Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held