Mon 11th May
Well I had a look at SXE. Same issues here as I have with SKS. Both stocks look very similar and obviously backs up @jcmleng thesis on there similarities with also notes from @Noddy74 on SKS being a little more focused in comparison with SXE with more diversity. Both of these stock have really blasted off and make it difficult to determine where they are in there Charting journeys / cycles.
The below chart is what I can figure to the best of my abilities. All longer time frames (3d, 1w, 1m) are all very high and due for a reset. Again, like I also mentioned for SKS (just on charting alone) I'm not comfortable taking positons in these stocks as I'm not confident in what the charts are telling me. Sometimes when stocks blast ahead, it will take the next decent retrace to determine where its up to. Same as waitng for reports to come out. Questions is, at what stage does the market think they have overbaked the stoke. I think now, I have seen some sings of it on the charts however Im also seeing FOMO mixed in there.
For the stock to get where it is, obviously the market has thought it was vastly undervalued. Due to my lack of ability in predicting a companies value, this is where I to into account Strawman members thoughts / valuations.
Heres the 3d charts
