SXY senex energy limited
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Can anyone who understands charting give me a read on this...

  1. haka
    1,528 Posts.
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    18/08/21
    11:07
    Post #: 55378599
    Can anyone who understands charting give me a read on this please?
    It looks like 2.8-2.90 is a support and we are bouncing around the 120day moving average (above 200day).
    Its been pretty weak recently and range trading 3/3.10 to ~3.35.

    I am relatively confident that Thursday will be good news and so I am thinking if this drops to $3 today I might buy a trading parcel with a target of 3.35-3.40. How do you charting guru's see this setup? Thanks in advance


    Below is a three month (courtesy of Commsec)

    https://hotcopper.com.au/data/attachments/3482/3482128-381bc803ad1ade21df5d5f8b01f54dac.jpg
    One Year
    https://hotcopper.com.au/data/attachments/3482/3482142-e0d38733c2d7c3d0d6df04b234a094cd.jpg
    SXY Price at posting: $3.08 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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