Commsec in their daily market report using Recognia has detected that a bearish Top Triangle has formed for SXY over a period of 44 days and suggests a low target of 13 cents for the stock. If this level was reached SXY could be subject to a very low ball T/O offer IMO. 2019 was supposed to be the big growth year for SXY based on increased gas production to the east coast market. If this is so management better get their finger out on promoting the company or they all might be out of a job.
SXY Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
