STX 2.44% 20.0¢ strike energy limited

STX Charts, page-1107

  1. 759 Posts.
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    It is all a matter of perspective.

    Damn good chart (if you turn it upside down)

    Excuse my ignorance, how could your chart possibly predict what happens next. We will soon be hearing how SE2 production tested. That test is happening and from my understanding will flow for some time. So there is no news from this yet, no secrets that others know.

    My personal thought if SE2 results are poor the share price (at least in the short term is in trouble). If the test is good at least in the medium term the share price at least in part (to my mind) will recover.

    My point is your chart may be predicting short term activity, but cannot possibly be predicting medium term activity which for the moment is dependent on SE2. Again different perspectives, your chart maybe predicting very short term activity, but does not seem to be predicting medium term outcomes.

    Just my thoughts
 
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