SXP has a very solid accumulation range from which it currently breaks out. It is already the 5th attempt to break through that resistance.
> the more often a level is tested, the weaker it becomes
> the longer the consolidation, the stronger the breakout.
If u put in Moving averages 10/20/50/100/200 on a daily timeframe we would see price is above all moving averages + MAs are curling up which is a very bullish base.
Fot the next month a isee at least a 100% Move here on SXP
> the more often a level is tested, the weaker it becomes
> the longer the consolidation, the stronger the breakout.
If u put in Moving averages 10/20/50/100/200 on a daily timeframe we would see price is above all moving averages + MAs are curling up which is a very bullish base.
Fot the next month a isee at least a 100% Move here on SXP
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.