I believe we should at least head back to the 200ma and with production reaching 8k boepd by year end news then we should head back to highs by spring 2019.
time to be patient as Paul Welsh is always under-promise over-deliver. read the last few RNS's to make up your mind. Also interviews on Proactive Investors.
today's news on a TR1 pushed us back above the 20ma & 50ma which is bullish on the chart
RSI divergence turned green & CCI also turning to the upside, a few more days and we could be crossing the mid line
also on RSI we been slowly pushing higher then previous peak.
Target still around 87p depending on the setup at the time.
Holding from 49p on a swing up longer ...
My one & only mid term trade with a target of 75-80% profit in due time.
20 wells with oil/gas out of 23 is a huge record and they are set to double their production by year end.
above all Moving Averages and still strong holding the 50ma.
My entry was 49p.
57p is an important resistance to break 50% fibs from ATH to last lows.
Once 57p is broken I have a target of 86p.
RSI last bear channel was broken and since then we have been on an ascending RSI channel.
Based on fundamentals I totally believe that SDX Energy has many legs to climb up to my target within the next few months.
This trade doesn't fit my usual criteria, however, the potential upside outweighs potential risk.
Price is holding the 200ma, volume is low, however with positive news, earnings, director dealings and increase in fund purchases I don't think it will be long until we hit 70p.
Worth a buy on a break of today's high.
This is not a trade ...
big fan of this company and have been holding for months from 22p. with recent placing at 30p and solid fundamentals and technicals the investment case looks compelling, st catalyst of a 100mb equivalent drill at the end of the month. retail interest going with pr, bodes well: personal target of 60p in q1