These are just my thoughts to share on SDM, feel free to comment please as i am new to the share and would like more exposure to its politics and fundamentals (apart from stagnant annoucements).
I'm paying special attention to volumes today and have analysed them on several shares in different ways.
With SDM I began last night and made comparisons to today and historical Average morning volumes and such.
My obs tell me that with SDM i should have ignored the full-to-the-brim indicators such as stochastics, RSI, Short term Moving Averages and invested in SDM some weeks ago!! No doubt about it, the horse had seemed to have bolted according to the maths. Nice to use hindsight, but i missed that boat with flying colours.
The point and good news is however, that I am seeing the indentical signs now as what i have noticed had historically occured throughout this rally at iots start and middle. I have applied some popular mechanics outside my usual observations and these also show more room for growth.
We could only be looking at the same thing, so anyone can cross-examine this with their own charts and they should find the similar conclusion as i have used most of the indicators relevant to Volume. I would really appreciate the feedback and extra point of view.
As a result of this potential growth i have invested as of yesterday and i am very happy with the outcome so far obviously.
If an elliot wave ensues, we are in for a wonderful beginning to the next financial year.
Cheers,
L
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