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SXOOF trade ideas
SX ready for a good timetechnicals look fantastic buy a easy 200% in relatively short term, and much much more if you're the patient type
SXOOF Reversal SXOOF has retraced 50% after its rally where it double topped (11/18, 12/1). Price stopped at .29 which was a prior support level and the most recent made a bullish hammer coming out of a down trend. In addition we see a golden cross with RSI that is significantly lower than its recent highs.
Looking for support at the .316 level and targeting the recent highs .45 level in the short term.
SX longSX Long for a run at the 50%. Daily MA's are flipping over. Large weekly potential. Usual stop loss management 50:50 Wkly, Daily. However i will take 50% off at the 0.5 retrace.
SXOOF Bullish AFWe have a MACD cross and a broad green bullish engulfing candle at the most recent close. The ADX and DI+ are both signaling a strong uptrend.
Targeting: .47 in the short term.
SXOOF BullishThe most recent candle closed over the .236 fibonacci level and its upper wick tested a long term support/resistance level. In addition the ADX indicator is showing a fairly strong trend at 50.38 with a rising positive directional indicator.
I would like to see a close above the descending trend line, which is also in close proximity to the long term support/resistance line (.3493) to confirm the uptrend.
targeting: .3957, .4226, .4610 in the short term.
$Sxoof Chart Analysisupon review bullish divergence can be seen when combining RSI with Price action an a major support level as well.
may break out of descending triangle
SXOOF closed up 1.0 percent on Tuesday, August 24, 2021, on 45 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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The Barchart Technical Opinion rating is a 100% Sell with a Strengthening short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
be careful trading against trends
Wait for clear confirmation of upward trend before entryThe corrective 4th wave hit the 0.786 level and looks poised for a bounce back. I will be closely tracking the sub level impulse waves of the 5th wave to determine an exit near the target price on the chart.
Just ideas, not financial advice.
$SXOOFSXOOF - Looking good since January.
It’s a Canadian mining company that mines gold, lithium and nickel ~
SX.CA: Bullish Pennant, awaiting confirmationBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
200MA ascending
250RSI below 50
If confirmed:
PT = 0.54$
