Hello Traders. Hope you are having a brilliant day. Well, I want to talk about SXP on 4H chart. As you can see, price lately broke the yellow resistance line with a nice green candle. What now? I think price is going to make a compression under the purple resistance which is ATH and then breaks out.
Best buy positions are :
1) Pullback to the yellow line ( around 4.5$) 2) When it breaks the purple resistance and consolidates above or pullbacks to it.