Daily + weekly setup looking dandy, page-30

Looks like the SPP closing + Illuka qtrly report being positively received by the market on Friday has seen a further push in the SFX share price. The technical setup looking rather nice in the short term after a period of consolidation, the $0.65 cap now removed, it looks as though we can expect to see a continuation of the move higher in the short term. I think if we see this push higher tomorrow, it could run on very quickly.

First stop being the Fib retracement at $0.73 and then possible a move back to the 200 dayMA at $0.835.

MACD (the first indicator below the price action) continuing with the positive momentum as it pushes back to the 0 control line, RSI also making new highs as it continues to move away from recent oversold levels. Nice to see the stochastics break higher as they now trend towards the over bought region. Still someway to go yet.

Happy to add to the short term trade position on weakness here (if we get any).