STX 4.76% 20.0¢ strike energy limited

STX Charts, page-695

  1. 9,253 Posts.
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    The bar I've marked with the Star of 19th September was just what holders needed, that elusive demand volume to get STX up and moving out of that previous congestion/accumulation area. Albeit straight into another area of consolidation.

    The bar I've marked with the arrow was the real test, supply returned but was absorbed and along with the previous bar closed well up off the low. The last two bars indicate a bit of indecisiveness and for those who like pattern analysis an equilateral could be plotted over the last ten bars or so, all of which have traded within the confines of that previously mentioned 19 Sept. bar.

    So further consolidation or a break either way? What is obvious though is the supply waiting on any upward break, I like where it is though.

    https://hotcopper.com.au/data/attachments/5619/5619181-9f0a7706e8f2dba8ab01846066f573a5.jpg
 
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