BreakoutFor all you technical players out there, SXL.V has broken a 3 month pennant to the upside on the daily charts. Should be an interesting month, as the stock has held its position to the upside of the pennant on strong accumulation volume with no corresponding distribution event.
R1 = 0.075
R2 = 0.110
R3 = 0.13
R4 = 0.175
R1-3 show mild to weak resistance, whereas R4 (0.175) is a significant resistance level. R4 suggestive of historical bulk accumulation at these levels.