SidS/Andre
I love the enthusiam of the TA
I use TA and thinks its a vital tool..but its only one piece of the puzzle..
I really think it means not as much here as some place
SDL needs a large insto order to get it to the next level...that wont come from a chart...That will come from a fundamental change to the co...thats a JV on terms that the market will re-rate the stock
Other than that we are all staring at it..and drawing charts which become self fullfilling, and always right after the event..either up or down
Whilst many were cheering the technicals weekly highs next stop 18-21c etc. theres no Vol to justify TA on this one, and no fundamentals...a chart wont do it..
Stock looks exhausted, and without newsflow which I would expect nothing until first 1/4 next year is 10 - 14c range
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