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Thoughts on a breakout with Strike Energy (STX) breakout

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Thoughts on a breakout with Strike Energy (STX) breakout

Afternoon guys Just after your opinion on Strike Energy (I know you have been previously bullish on it). Breakout of 20yr accumulation range with rising monthly volume. Retesting 41c worth a buy here? Cheers

Answer

Hi Aaron,

The last time we discussed Strike Energy (STX) was in June when we were still bullish but less so than in March when we targeted a bullish move to test 40c. The stock is now back at 40c after testing 50c in June and we’ve now migrated to a more neutral stance.

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Strike Energy Ltd (STX)
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