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1,224 Posts.
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29/10/13
14:07
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Taking a look at a longer timeframe in the weekly chart for SDL you can clearly see the higher highs, higher lows = uptrend.
Its also pushing out of the Bollinger bands = bullish. Notice how the uptrend began back in 2010.
Weekly moving averages 10 EMA and 20EMA pointing up after being in a downtrend since January.
SDL might pause here a little longer (the slow stochastic is about to cross down) then re-set for an attack of 15c and 21c in my opinion.
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