STX 0.00% 22.5¢ strike energy limited

STX continues to respect that very strong support level at 36/40...

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    STX continues to respect that very strong support level at 36/40 and just hasn't had sufficient demand to push up and away from there. Friday's bar was the first in a long while to have above average volume and we can see the result, a nice green bar pushing up. This area around 40 should give a healthy support area if the sp can just get above it.

    I've marked a few spots where resistance could be anticipated. All up, not a bad chart with plenty of consolidation taking place. Even a bit of churn as those traders/holders from last January then March/April take some small profits or settle for breakeven.

    https://hotcopper.com.au/data/attachments/5585/5585774-6d8f0558cbcf0720347d2727bbef8885.jpg
 
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