Not sure this is going sub 6p now since it's forming a higher low and looks to be about to test 8.5p again. If it does then I'll either enter on a close above 8.5p or on a retrace from there hopefully at something like 7.25p in what might be an ascending triangle. Target initially would be 11p and then maybe 12.5p after a retrace. It'll be very tough to crack 12.5p though. Here's the chart:



dl.dropboxusercontent.com/u/20815047/FTS...SXXdaily07_12_13.png

Yes, I know it's another AIM stock so beware and USE STOPS!

Jackozy, Hope your well, If we do get your trend line touch at 4pish then surely the 123 low breakout will be below 8.5 as 4p takes the sp to a new low and therefore a new 123 will be formed giving a top of 1 possibly below 8.5

Possible negative RSI divergence in play and 8.5p resistance held (previous support) so stops should be at b/e here.

I'm now waiting for a trendline hit at c. 4p or for a 123-low breakout on a close > 8.5p.

This moved > 30% in two days so plenty of profit should have been banked here - if not then you've just been greedy!!

Hope some of you managed to get into this near 6p. Should be a free trade now.

We're getting very close to the key support at 6p here now. If this bounces there it will have been a perfect play from the 30p double top target. Here's the daily chart from yesterday's close:



dl.dropboxusercontent.com/u/20815047/FTS...SXXdaily07_11_13.png

Make sure you have stops as this drop has been severe so there's no guarantee that it will hold here.

Thanks SRB - I didn't know it had been shelved for that long! All the more reason to treat and long trade here with extreme caution and bank profits if you get some. There's likely to be a lengthy general market correction between now and then...

This has been yet another lesson in selling major resistance and/or not buying until it closes above that resistance. A close above 30p was required to open up new highs here and it just never happened.

Another spanking for AIM investors I'm afraid...take profit, protect capital by using stops and don't be greedy. Easier said than done mind!

Basically planning permission application for the mine in North Yorks has been shelved until August 2014.

Interesting post Jackozy, thank you for head up on this.

Just one question, not been following this news wise recently, is there a reason for this big drop??

Have the fundamentals changed on this?
Anyone up to speed on the news with SXX?

Thanks,
Trendfriend.

Getting close to the target of 6p now so keep an eye out. Make sure you have stops though because if 6p goes then 2p becomes possible:



dl.dropboxusercontent.com/u/20815047/FTS...XXweekly16_09_13.png

"Is this finally correcting to 6-7p?"

Hi B77.

I'd be very surprised if it didn't go there (I've posted this before). It's also the double top target from the dual 30p highs (18p dip in between giving 6p as target).

Amazing, huh? But this share has always been prone to very big retraces (as well as rises) as you know. Should be a good buy at 6p but we'll review that nearer the time...

Is this finally correcting to 6-7p?
Even at that price the M/Cap is c. £100m, way ahead of peers.

uk.advfn.com/p.php?pid=chartscreenshotsh...fmsCq&symbol=L%5ESXX

SRB,

Did the same thing myself today - chase the white ball that is - jolly hot too. Hope u played better than me:) Not difficult;)

Just gone long on this lets see if the trend line holds

Your a star Diver, many thanks, off to chase a white ball now so will look forward to your charts later, thanks again.

SRB

dl.dropboxusercontent.com/u/7238706/SIRIUS%20MINERALSweekly.png

The longer term weekly is suggesting the current move could eventually reach 43.69.



dl.dropboxusercontent.com/u/7238706/SIRIUS%20MINERALSdaily.png

Whereas the daily suggests an intermediate target of 35.48.

Looks like the key level is the 30.00. Any trades below that would need a stop loss at 18.00 IMO.

SXX is being mauled about at this present moment and with the planning permission result due on the 29th its probably not surprising, with that in mind and anticipating a positive result could someone put some fib extensions on the chart for me please as I don't have that facility, many thanks.

SRB

Possible early warning sign?



dl.dropboxusercontent.com/u/20815047/FTS...SXXdaily31_05_13.gif

It's not close of day yet so no need to panic. These can turn into bounces off the RSI support.

support: 22.5,,18.34(trend line)
resistance: 28.86,,30,,36.75

Could go either way so DYOR

Hi all
Any one looking at SXX
or IGAS lately!
any Chart views welcome Support / Resistance - regards Tej