SFX 2.65% 55.0¢ sheffield resources limited

Been on my radar for a while now, have to say, not looking that...

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    Been on my radar for a while now, have to say, not looking that great with SP looking like its turning over to the downside from the descending triangle with the 5, 9ema and the 20sma all with their noses turning down, the 23 fib support is broken , there is no resistance to stop the gap being filled, so next line of support is 14.5c, then 9.4 and back to 6c, I guess its make or break for SFX, how confident are holders that the FIRB will approve Yansteel ?

    I have no idea how this will play out but given the chinese are on the nose with the Australian government right now, the prospects of a rejection must be in the mind set, if that comes to fruition then it will be carnage on the streets and all those support zones will come into play as mentioned before, tread carefully with this one prospective investors and holders for that matter, finger nail biting this one.

    Just sayin.

    IMO

    GLTAH
 
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