Woop, good morning traders,
Look at SXP, whether it is deepest bottom or not. Actually, I never try to guess what will happen. I just look at candle stick, it always say a story to you. Current now, SXP has some key points :
1. Triangle pattern had been created and price broke bottom trend line.
2. At local strong support 2.0-2.3, bearish engulfing pattern had been completed, that mean retest fail.
3. RSI triangle also broke and under 50, it will move quickly to overbought area when price drops deeper.
By these analysts above, highly price will sink deeper to 0.7-1.0. Now, just keep patient and observe