🔥 SXP: Scouting Oversold Bounce

SXP has been one of the major winners of the last few weeks, where it gained well over 270% in a very short amount of time.

However, it appears that SXP has topped for now.

I'm waiting for the first hourly oversold reading to occur before scouting an entry. Ideally, we will get in the yellow area of resistance before reversing.

Targets in blue.

Komen:

Bounced from the yellow area