SDL 0.00% 0.6¢ sundance resources limited

where will the new low be?, page-114

  1. 358 Posts.
    Hi Hopefulone - I guess I have a slightly different spin on it. You are right, the volumes are out of the top levels (as they are on the sell also). I speculate that there may be a conscious build up of buy signals to catalyse something. We have two "hammer" days, we are tracking the Andrew's Pitchfork (thx BAS) and I ran a quick GANN and we seem to be at the right "time" for a trend change.

    Last time I saw buy/sell spread narrow, it was bullish - but you never really know. What I do know is that buy/sell can appear and evaporate in massive volumes.

    I wonder whether Hanlong and DB are averaging down. Hanlong re dilution of the placement and DB re increasing stake at lower prices. Who knows.
 
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.