updated chart, page-3

Hi (Pencilin),

SDL Daily chart tells me that we got a breakout from an Ascending Triangle, and the next target price should be 20 cts.

Characterictics of an Ascending Triangle have been respected so far:

1. Narrowing triangle with a horizontal line of the overhead resistance for the stock: 16 cts

2. Second trendline connects a series of increasing troughs, with higher lows indicating increased buying pressure and give the ascending triangle its bullish bias.

3. Duration: length of the pattern can range from a few weeks to many months with the average pattern lasting from 1-3 months. SDL --> 3 months

4. Volume: Confirmation is preferred, but it is not necessary. As the pattern develops, volume usually contracts. When the upside breakout occurs, there should be an expansion of volume to confirm the breakout.

5. Breakout expectation: once the breakout has occurred, the price projection is found by measuring the widest distance of the pattern and applying it to the resistance breakout. SDL --> target 20 cts

Other points to note:
- Accumulation is still taking place through OBV indicator.
- MA 21 days could provide support to the current SP
- Traders usually enter into long positions when the price breaks above the top resistance.



Cheers - BS