Trend: Sideways. Strategy: Buy on either a closing price above R105, or on a pullback towards line 3. Sxr is trading in a large channel and hasn’t given a definite breakout as yet (at the time of writing). Line 3 on the 50-day moving average provides support at R90. • The daily Stochastic Oscillator (on top) is neutral, but with an upward bias. For now wait to see which happens first, a close above R105, or a pullback towards R90 (line 3). Buy when whichever of these two events occurs first. If the pullback occurs first, then look to start buying near the R95 level. • Once the price closes above R105, it’ll set up a minimum target of R124,80 measured as the height of the channel projected up. However, due to the length of this channel, expect the price to move a lot beyond that target (R133 is a more realistic target). Place your initial stop-loss as a close below R90. In the very unlikely event of the price falling back to line 1 (R81,60), buy off there.