SXP - $12.44SXP is currently trading above the support of $4.93. If it can stay above this support zone for a few days, it will start forming a strong support. In this case, we could start seeing a move towards $6.37, $8.68, $11.00 and $12.44. Failure to hold the support at $4.93 could lead to a drop towards $4.44, $4.05 and $3.79. You can spread your buy orders equally at these 3 zones if the support breaks. If the support of $4.93 holds, you can buy above $4.93. Good place to place your stop loss would be below $2.60.
