Short Term Trading Week Starting: 22 Jan, page-340

  1. 676 Posts.
    The SRX chart looks interesting.

    Today's close at 18.56 sees the SP once more nudging up into the big gap above that extends up to 25.40.

    The last time it tried to enter this gap in late March it found R at this same level, which was also a former support.

    The SP is showing signs of momentum since breaking out of downtrend at the start of December and gapped up last week on the back of the trading update.

    Sentiment has picked up because of guidance of higher EBITDA expected in the full first half results due 21-Feb.

    upload_2018-1-24_20-12-56.png
    Last edited by ajm65: 24/01/18
 
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