Yes Yacheng, the trend is looking strong atm and the $$$$ in the cophers up substantially (in my terms that is) :-)
Looking at the trend, the lower channel line needs to break to hint at any sort of reversal.
The three lower channel lines appear to me as the true channel and the very upper trend line indicates that the hard run in September created what is called a throwover where the SP overshot the main channel. The SP looks to have settled into a more stable pattern now and should follow the channel. That being the case then I would expect that the SP should hit around the .39-.40 level around the time of the AGM..
All things being equal that is!
No one can predict or project the future with any real accuracy.
SDL Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
