SFE sfe corporation limited

latest update

  1. 5,164 Posts.
    lightbulb Created with Sketch. 163
    Folks recently I put out this:

    This is a TA update from a research company

    NOTE: We believe that the recent share price correction has been the result of the over reaction toward the potential
    removal of NCP from the XJO Index. Given NCP futures contracts has little relevance to SFE’s overall trading volumes,
    we suggest that the impact upon earnings is negligible, even if this occurred.
    Technical Analysis
    The SFE chart above has yet to confirm the support level at or around $6.04. However given the easing of the selling
    pressure around the $6.00 level, there is the strong likelihood of a sideways consolidation pattern forming presently
    between the $6.00 to $6.60 region. Hence we are revisiting this trade as a BUY on a share price break above $6.22, with
    a potential target toward $6.60, which equates to a potential 6% return.


    TODAY UBS HAS BASICALLY CONFIRMED THIS BUY INCREASING THEIR UNDERPERFORM TO NEUTRAL. RECENTLY MORE SUBSTANTIAL SHAREHOLDERS CAME ONTO THE REGISTER. Long term investors wait for the special dividend that is rumored to happen next month. Short trem traders look for a possible stirrup trade .

    Good luck
 
watchlist Created with Sketch. Add SFE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.