SDL 0.00% 0.6¢ sundance resources limited

dead cat bounce, page-41

  1. 3,184 Posts.
    lightbulb Created with Sketch. 445

    Nothing here showing a bottom, all indicators heading south. ie: RSI down, MACD down, money flow down, trend down. This is what traders trade on. Unfortunately it doesn't matter what the fundermentals are to someone sitting in front of a screen hopping in and out of positions to make a buck or two.

    I agree with redgreek there is nothing from here to .40c and that is resistance yet to become support.

    ps I also cannot see any "dead cat bounce" in this recent chart.

    This again is not a negative post, just the way I see it. Look at the positive - it is now cheaper to buy now than a week ago.


 
watchlist Created with Sketch. Add SDL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.