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Jul 27, 2017 7:24 PM

SDX - SDX Energy - Buy Long

SDX ENERGY PLC ORD GBP0.01LSE

Description

This trade doesn't fit my usual criteria, however, the potential upside outweighs potential risk.

Price is holding the 200ma, volume is low, however with positive news, earnings, director dealings and increase in fund purchases I don't think it will be long until we hit 70p.

Worth a buy on a break of today's high.

Tp 70
Sl 35

This is not a trade recommendation. This is purely my view of the market.

Trade active

Trae open at 45.
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