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SXX daily 31/05/13

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Just a heads up on a possible move in Sirius Minerals. It's not yet end of day so I'll need to review this then, but the RSI is starting to look like it's breaking down out of it's uptrend support.

If it closes like this, it'll be a warning sign for me that price may follow down through it's own short term uptrend support too.

Bear in mind that it has still failed to cloe above 26.5p despite several opportunities to do so. It could also be argued that the move since 22.5p is a bear flag - it's certainly a nice channel - so there are a few worrying signs on this share now.

Price support from the short term uptrend is at 24.14p today (rising daily), major support from previous price lows and intermediate uptrend support from 6p lows at 18.5p and main uptrend  from 2p days is at 13.8p today. Resistance remain as previously stated.

Just one final point: RSI trendlines can push the SP on if the RSI bounces so no ned to panic yet but we should keep an eye on this.
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