SDL 0.00% 0.6¢ sundance resources limited

fascinating chart-where to from here, page-23

  1. 1,923 Posts.
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    Primary support level appears to be around .105 which is not so coincidentally the 50% Fib retracement level. Volume declining on the pullback which is to be expected as punters anticipate and prepare for the next run.

    Breakout occurred at approximately 75% the length of the equilateral triangle (75% being a common TA pattern break out area to watch out for), which also aligned with a Bullish buy signal on the 14th after retesting the descending edge of the triangle for 2 days.

    A classic setup pattern IMO. .20 is not out of the question in coming days/weeks, but will rely heavily on Sundance coming up with positive news.

    Waiting for the next volume spike.



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