History has a way of repeating itself.
Apart from the fact that Sundance has survived the GFC, and the number of shares on hand has increase substantially, the Sundance trend has developed into a strong uptrend (Clearly defined using semi log) after the development of a nice base.
The long term trend needs to be reviewed to see where the next levels of resistance lie, and also offers a perspective of future potential.
The 2 things I take away from this long term chart are that the high of 2007 was also a historical resistance level (23.6% fib level).
Following on from that the $1.40 - $1.50 level are the next historical levels of resistance (32.8% fib level).
There is not a lot of historical resistance in between these levels.
- Forums
- ASX - By Stock
- SDL
- update
update, page-28
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SDL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online