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SXX daily 11/06/13

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Sirius Minerals is still trading in No-Man's-Land and it's hard to know whether this is a bear flag or a choppy start to a new move up.

One possible signal is that in the last few days the price made a higher low whereas RSI made a lower low. This is called a momentum discrepancy reversal point (MDRP) and in this case could signal a move up.

Stiff resistance remains at the 28.75p to 30p area but if that breaks then price could move up quite rapidly as there's little resistance above there apart from the 36.75p all time high.

Supports are at 22.5p,
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Guest Thursday, 18 August 2022