SFX setting up for a move in the coming days. Whilst it has been...

SFX setting up for a move in the coming days. Whilst it has been encouraging to see the share price respect the 30day MA and find support in light of the weaker commentary from ILU's annual report suggesting that a number of the mineral sand's markets may be later in the demand cycle than previously thought, it's obvious that the project fundamentals for SFX will drive near term price demand.

Technically $0.865 will act as resistance with $0.85 as support. One of these will break in the coming days. Iam encouraged by the fact the Stochastics are crossing back over to positive momentum once more, however would like to see MACD showing greater signs of a positive cross once more. Obviously positive price momentum in the short term will bring this on. A breach of short term support and a move on market below $0.82 will bring the 200 day MA at $0.755 back in play.

So will domestic political unrest knee cap the broader market and see wider 'risk off' play out, or will we see on market action heat up with fresh demand or a positive news catalyst propel SFX north once more...