SDL 0.00% 0.6¢ sundance resources limited

new becoming a substantial holder notice, page-7

  1. 6,825 Posts.
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    Hi Goldencross - the fact that there is little impact is probably due to capping. You can also buy and move stock from one entity to the other and form a market impression while doing it. I have watched closely and I am of the opinion that this is a big player that has briefed a few broker houses to an end. I could be wrong but this pattern seems to be familiar. When they get accumulation at a level that they desire, most probably they will be the ones driving the price up so their holding increases in value. Tight long accumulation patterns tend to breakout technically on a time/range basis. So, if you look at the stepped compressed nature of the share price you will see that over time this flattens out a bit (using longer term time frames). When this stock breaks, I would expect it to be significant.
 
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