Sirius - SXX

Can see from the post below in July, the 200 day ema line was crucial here....and a move below could see sub 20p buying opportunity....

looking at today's chart.
sxx daily
uk.advfn.com/p.php?pid=chartscreenshotsh...bpI8DMDA20oSlvT20%3D

so in terms of a target, i think while below the 200 day ema line on the daily, a move to the 200 day ema line on the weekly chart, at around 20p area atm, looks to be the target, as that has historically been strong support for the stock

sxx weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...LhEJ96tpZlFt+y63nvM=

a buy zone between the pink lines, around that 200 day l=ema line on the weekly imvho.

atb, wdik, dyor,
trendfriend

TF, I hold these a lot at sub 20p average. Do you think I shall sell first thing on monday morning and then buy back? Whenever I do that this will start flying...
Holding back to buy GENL and HUR too.
ta
G

sxx weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...lRP4vNN6qhUV++yS4QU=

This is by no means a guarantee to move down, it actually ended up having a good day on friday.
If i was looking to go long here, purely from a trading perspective, and in terms of opening new position, i would eyeing a sub 20p entry, i think a reasonable possibility that will happen, but it could go the other way.....

The long term weekly shows this to be in a long term triangle, so a break above 30p(ish), would send this soaring upto the 50p area.

However a test of the main trendline could happen around 20p area, 200 day ema line on the weekly, but thats by no means a certainty....

I can't tell you to bank, or hold, but this does have much higher targets long term, as long that 18/20p holds......

good luck, atb, wdik, dyor,
trendfriend

Thanks TF.
I am not sure , how this news will affect the share price.

www.gazettelive.co.uk/business/business-...-talks-over-13615726

TF,
Are you still expecting this to go down?
I am holding back to buy back
Ta
G

sxx - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...c2s6JPn/sL76crg45iw=
Hi Paitech,

Yes i think this should make its way lower, certainly i see no reason to have a long position here atm...

Off course its always the case, that bearish looking stocks, can turn around and become bullish, if we get some kind of positive news for instance....

In the case of sxx, this is a falling wedge, which is actually a bullish falling wedge, but you have to wait for a turn around before committing to a position....

I see no signs from the rsi, of a that happening atm....so patience is the key here....

each of the 3 lines, and the trendline, plus some horizontal resistance levels.....so quite a few resistance overhead to break between 25.5p and 27.5p.....

If i see anything i will try and post it here asap, as i'm looking to buy this as well....

atb, wdik, dyor,
trendfriend