All the traders were too busy watching Australia smash England in the cricket Friday afternoon and that is the only reason why trades dropped off....
SP is still in a bullish upward pattern....has been since breaking resistance at 7cents...so far up around 70% since then..short term dips are trading opportunities for sure...
But...Watch out....the fundamentals are coming...
I think it is more of a bullish morning glory forming on the charts if you ask me.....
i also phoned the local retailers last week like i am sure so other people have done to back up their factual comments about the retail buying habits....
They retailers (corner shop owner) could neither deny or confirm whether they were buying SDL...
although they did say they cant wait for the next announcement...and are keen to see this project de-risked...they also said that they are also very happy to buy at the higher prices and they know the company will be blue chip investment in the longer term....
They laughed hysterically when I mentioned a 20cent SP, and said that they would not invest in this stock if they thought it was only going to go to 20cents....I agreed and said that I thought maybe 57cents was a good starting point....
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