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