SIRIUS MINERALS (SXX)

Hi Richard,

Hope you are well.



Medium term uptrend just about holding on. SP at support trendline and hanging on above 61.8% fib of move.

Yesterday broke out from short term retrace (confirmed by RSI).

Supports:
16
12.9 (ma200)
12
9.8

Resistance:
19,19.5 (ma's)
22.5
25.25
29.23

Looks precarious to me. If the red trendline breaks there could be a fairly rapid descent

F4T

Hi F4F, is there not a gap fill due at 15p from the original gap created at planning announcement? Seemed to bounce off 16p a few weeks ago leaving a small gap left to fill so could that impact the support levels - 16, 15, -12.9?

What are ur thoughts?


Bunkerjo

Bj,

I don't follow this one but I see no open gaps on daily or longer timeframes.

F4T