SDX
updated chart - bounce from 0.50 fibs - 82.9p 1st targetLooking to bounce from 0.50 fibs at 59.4p and next leg should take us to 82.9p target
0.50 fibs are very strong usually and many traders buy at this retracement.
1st target - 86p SDX ENERGY SDX has been delivering every time, it has been a slow run but let’s not forget that we were at 75p before we drilled any wells.
Now we got 7 out of 9 commercial gas discovered.
$SDX Energy - BULL CHANNEL - LONG - 57p is an important resistance to break 50% fibs from ATH to last lows.
Once 57p is broken I have a target of 86p.
RSI last bear channel was broken and since then we have been on an ascending RSI channel.
Based on fundamentals I totally believe that SDX Energy has many legs to climb up to my target within the next few months.
SDX buy big fan of this company and have been holding for months from 22p. with recent placing at 30p and solid fundamentals and technicals the investment case looks compelling, st catalyst of a 100mb equivalent drill at the end of the month. retail interest going with pr, bodes well: personal target of 60p in q1
