Here's when Sirius Minerals hits recovery territory

Sirius Minerals (LSE:SXX) 

We last glanced at this as a potential ISA contender at the start of February when we'd moaned about the 'blue' downtrend, which then was around the 28p mark. The good news, now, is this line is at 21.704p. And, for real happy days, we'd prefer the share actually close above this level.

For now, it appears something is potentially happening as near-term, above 19.75p suggests coming growth toward 21.25p - not quite a break of 'blue'. Secondary, if this is bettered, comes in at 22.75p and the potential for closure in recovery territory.

A funny thing happened on the 28th March. The Sirius Minerals share price was gapped upward at the open, above an almost 'pretend trend' which we hadn't regarded as significant. 

We've painted some ambitious target levels for the future, but rather suspect a flow of positive news would be required for them to attain reality.

But, for some reason, the market has a different opinion and, therefore, should the share achieve 22.75p we'd anticipate some stutters at such a level.

Longer term, in the event of closure above the dark blue line, we'd be looking for movement continuing toward 26.75p, and hopefully beyond.

We've painted some ambitious target levels for the future, but rather suspect a flow of positive news would be required for them to attain reality.

Finally, if trouble is planned, the share needs to fail below 16p to break the red line, entering a region where our ultimate bottom is at 8p.

For Interactive Investor's report on Sirius's results, main market listing and progress update click here.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.