From a charting perspective, Sundance is extremely oversold and presents a potentially very good "Short Term" trading opportunity. A GAP from .21 to .12 leaves a lot of upside profit in filling the GAP.
Fundamentally, HANLONG are out of the equation and Sundance is now operating from a clean slate to renegotiate a JV or open to another TO offer. Any positive news will see a strong move to the upside.
IMO A break above .11 accompanied by a higher low would hint at the SP endeavouring to fill this HUGE GAP.
Interested in the thoughts of how you see the chart.
