$40m rio contract starting this month, page-27

A TA POV: One of the patterns I look for in my trading is precisely the one presented this morning by SXE. After a protracted drop in the SP I take a real close look when it comes off the floor and closes above the 30DXMA.

I want volume in the push upwards (SXE: tick) and the OBV to be heading upwards (SXE: tick). The MACD is trending upwards and its histogram is in positive territory.

The buyer/seller ratio is roughly 2/1, but it carries with it the only negative in that the numbers are not great, i.e. 37/17. However, the visible shares wanted are also roughly double the visible shares available.

In the trading newsletter I write to friends - the Sticks Trading Report - I look for 100/50 or better, but - in this case - no great matter ... the shape is perfect.

I know nothing about the stock. It reared its head on my 'close above XMA' scan this morning.

Yep, it'd be a buy today. Whatever the fundamentals say, I'd take a shot at a short-term trade if I had some spare. All the bread is elsewhere right now [old jazz-drummer talk]. My action, however, would be dictated by the buyer/seller numbers revealed as the open approaches at 1000 hours.

Stop loss at 68 cents.

Perfect shape!
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Not an adviser; just a trader who loves the game. DYOR - MYOD.