SDL has found strong resistance at the 38% Fib.
I foresee a little more profit taking after the huge spike and re-test of support at around 31-32c, which is now at the 180-250 day MA which have now converged. All MA's are now converging indicating strong support at 32c. I see this as a healthy sign of more to come.
I foresee the 38% Fib resistance easy to break through and strong resistance once again at the 50% Fib at 48-50c. Once the 50% Fib is broken it is plain sailing and blue skies back to 70-80c.
I'll see you all at 32c :)![]()
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