SIRIUS MINERALS (SXX)

Hi yeah that helps after revisiting your graph, thanks. When there are obvious points it's fine but doing down trends from a peak into the future with no obvious pikes for itvyobtouch is where I have got baffled up to now. Am I right they you have taken s vertical line up from the recent high to cross the horizontal resistance to mark the cross over of the trend?

Seems 19.5p didn't quite go today vit gave it a good try and believe another test will come soon. Can't see it breaking a double trend resistance though in the short term and certainly not on first attempt

heres a zoomed out picture...You should be able to tell how ive drawn the down trend line


dl.dropboxusercontent.com/u/4899609/sxx19thmay2015.png

My take.... 22.50

Tweezer top today at 19.75. This is a strong reversal signal.

GL
F4T

F4T:

"Tweezer top today at 19.75. This is a strong reversal signal."

Made a little here buying and selling for a 2p profit a week or two ago, but now wishing I'd hung on in! Now watching to see if it can close at 23 or so and then might dip a toe again… BIG volume today. Any views and opinions from the crew here would be greatly appreciated as always.

GLA,

EGH

The extent of the rise so far has been surprising to me, particularly this early because the results of planning permission meeting are not going to be announced until June 30.
If it makes it through 25p today then next resistance around 29/30p. However, a pull back is overdue. It's been a feeding frenzy so far and it's always dangerous to trade during these periods as price can move quickly.
In my view there is an excellent chance of Sirius getting approval, particularly because of current economic climate and Tories are keen to have anything they can hold up to demonstrate their Northern Powerhouse BS. If approval is given this is only the beginning of the start of a massive engineering project that will require huge fund raising.