SXY 0.00% $4.60 senex energy limited

Bull Flag Breakout?

  1. 26,837 Posts.
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    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.

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    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?
 
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