BoD been buying recently at lows, new CEO
Production levels increase at South Disouq
Targets: 34p / 44p
Wells coming online plus new wells being explored
Extremely bullish here & been waiting for months for this opportunity to buy down here.
Bought at 30.4p & will buy more if I get an opp at 29p-30p
Bullish divergence on RSI.
Resistance becomes support in most plays even if it takes a few weeks/months.
44.2p - 57p next resistance. Longer term will be more as this is a revenue growth making company.
Sorry for...
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 trade.
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.
Latest interview:
youtu.be
Looks to me like 58p is a strong support and then we up up and away for the next leg.
#SDX is still in a news rich period.
I'm very much considering topping up again at 58p.
Any thoughts?
Looking to bounce from 0.50 fibs at 59.4p and next leg should take us to 82.9p target
0.50 fibs are very strong usually and many traders buy at this retracement.
SDX has been delivering every time, it has been a slow run but let’s not forget that we were at 75p before we drilled any wells.
Now we got 7 out of 9 commercial gas discovered.
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.
Potential triple bottom formation. Look for break above neckline resistance for confirmation. Bounce off 200MA acting as a filter for long term up trend continuation.
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.
Tp 70
Sl 35
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
