SXL has managed to close back inside the Parallel Channel with the lower end of the channel as strong support. The recent bounce off and High Volume suggests it may move higher. I am targeting the POC of the Volume Profile at $2.35 as my TP (potential 10% gain) with a tight stop below the recent swing low. Please note these are my own notes, by no means trading...
Target 30c, waiting for sellers to exit. Before resuming upward trend to test resistances
After the covid slaughter strong buying today. Seems possible without too many hitches this thing coud test 50c, eventually.
RSI has potential to break through its MA(30), with the dragonfly doji candle on the last trading day a sign of support. OBV trending upwards. Targeting 1.31 to make a new local high, around 1.40 to breakout of its current trading range.