SXY – Senex Energy Limited

Stock : SXY – Senex Energy Limited

Current Price : 0.295

Status : On watch for higher lows

Company News : http://www.senexenergy.com.au/investors/announcements/

SXY has some great price structure both on the daily and weekly charts with higher lows off major support around 0.125. We see that price has had two legs lower but is still holding above the Minor Anchor level at 0.265. We are now watching for the weekly trend to take hold and buyers step up in force to build the higher lows for a push up out of contraction.