No Lordship here, I'm afraid. But if a ranga cat will do, here goes:
I take a slightly longer-term view of chart history. It helps with the detection of patterns and old support and resistance levels. So, let's look at the last six months or so.
Ignoring the extreme candle wicks, the trading range has been 7 to 26c, the latter being rather strong resistance.
Since the pullback to 14c, successive Lows have been increasing. Ideally I'd be looking for the Highs in between to also get higher, as in "Higher Lows, Higher Highs" defining uptrends. Of concern is the low volume - probably caused by the Launch date still posing uncertainty. On the plus side, as long as the ascending triangle remains intact, i.e. we don't drop below the most recent Low, I'd stay put.
If 22c fails, I'll stop out; if 26c gets taken out, I'll accumulate more.
SAS Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
