SXP AUD heading towards its Support lineOn an hourly chart, SXP shows an upward trend. It has already touched its Resistance point at 5.3 and now moving down. Mostly it will come down to its usual support level close to 4.18. If it does, then my entry will be close to 4.3 with stop loss at 4.083.
At its first Resistance level look for a profit of 10% and if breaks R1, then get ready to bank additional 9.4%. Overall potential profit range is 10 - 19%. Expecting it to come closer to its support line in 1-2 days.
Note: These are my personal notes and in no way financial advice. Do your own research before trading