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$STX bought some 11.5c. Shoot me later.
$STX $STX.AX got a decent buffer already on this trade. It's a punt based on logic - I can't see major headwinds for a late-stage explorer that's sitting on the biggest onshore gas find in Australia. The punt is whether this virus stretches beyond imagining. Cheap if not.
$STX $STX.AX been buying this the past week, average 11c. 50MA looms as next key level. Lots of cash, around $26m by end Q1 and fully-funded for 2020. Had an informal crack at $WGO on 1.2:1 scrip, which was rejected. Will be an interesting year. $STX itself a TO target IMO.
$STX $STX.AX weekly chart, some contraction the past month, testing the 11c-12c level and recovering. Setting up here. 14.5c key level. Holding.
$STX $STX.AX closed +7.7% at 14c. Finally popped above 13.5c after trading in this range for the past five weeks. Added more this morning, have full pos now. PA today smoky too, particularly afternoon trading. 14.5c still key level but the 5-week soak is a good setup here imo
$STX $STX.AX strong close, right on key breakout point here. The PA the past month shows tight steady accumulation. Volume and she goes imo
$STX $STX.AX closed 16.5c (+6.45%). Two candles on weekly (circled) offered additional buy signals, preceding a big move and breakout of 14.5c last week. On daily, 14.5c now support. Note gap below at 15.5c. Backtest to 14.5c and confirmation = buy imo. Sold 30% of pos Friday
$STX here's the daily (notes above in tweet thread)
$STX $STX.AX closed 19c (+8.6%), big gap up on open, tagged 21c then sold down early to soak around the 19c-19.5c level for most of the day. Could run tomorrow, or see whether it can find support here before it pushes on. Close to a bag on this trade, but will hold medium term.
$STX 15-min chart, so you can see the soak
$STX $STX.AX extended and looking for support, potentially 19.5c, but not confirmed yet. Resistance at 21c confirmed. Gap at 18.5c.
$STX $STX.AX strong resistance here at 21c tested multiple times. Epic breakout play if it goes. Support not in here yet, so tighter stop a smart move IMO. $NG1 futures price contraction on the daily. $XOP (NYMEX) O&G index gapped up for a second day. Click to enlarge chart. #GAS
$STX $STX.AX popped above resistance here to close HoD. At the business end of proceedings. Push on could see test of 29c.
