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subtlepapi

$SENX - Reversal for upside of +12% to +40%

Long
SERINUS ENERGY PLC ORD NPV (LSE:SENX)  
subtlepapi  
LSE:SENX   SERINUS ENERGY PLC ORD NPV
Trend Analysis Chart Patterns Technical Indicators reversal channelbreak Technical Analysis trend Trend Line Break reversalpoint reversalpattern breakout signals
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trendanalysis chartpattern indicator reversal channelbreak technicalanalysis trend trendlinebreak reversalpoint reversalpattern breakout signals
Technical Analysis
  • Weekly William %R and RSI are oversold.
  • Daily channel being created with resistance at 50EMA>

    Scenario 1 - BUY
    Breach of 50EMA and uses it as support.

    Scenario 2: - SELL/WAIT
    Bounces off 50EMA as resistance and come back down to create a higher low.

    Based on the technical environment and high William %R I expect scenario 2 to happen with high low being used to propel price upwards and for a push to $13.75 to $18.50>

    Price Target
    Entry: $12.30
    Target 1: $13.75 (+12%)
    Target 2: $18.20 (+40%)
    Analyst Target: $61

    Fundamental/Financial Analysis (FA)
  • Strong financial metrics and passes quality screen.

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