In my latest SXP analysis I talked about my expectations of a reversal after seeing some bearish price action. My initial support area was not as strong as I thought initially. However, after reaching the 0.50 area there were ample investors waiting to step back in.
On the chart you can clearly see a pattern of higher-highs and higher-lows. I think that there's still more gains to be had in this move.
Targets in blue.
On the chart you can clearly see a pattern of higher-highs and higher-lows. I think that there's still more gains to be had in this move.
Targets in blue.
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