Hey Elliot, I am basically the worlds worst chartist, but it would seem that SXYs SP has broken the top trend line?? This may mean that a sell off is not on the cards for a change.
As I plan to hold long term I don't really care, but I am ttrrryyyiinnnggg to learn a little more about charting each day. :-)
Perhaps BPTs Moonta-1 well flow rates are causing extra interest to be focused on to SXY and other Cooper Basin stocks?
Whatever the case, nice to see SXY rising.
SXY Price at posting:
76.0¢ Sentiment: LT Buy Disclosure: Held