I hate to say it guys & gals, but... I told you so.
Last time I posted here on 13.03.2018, I wrote that 9c cannot be ruled out, and that I will re-assess my feelings towards SAS as an investment when that happens. So that's what I am doing here. Let's have a look at the chart:
The background story hasn't changed. It is still going down, all the while the bulls keep shouting about the "bright future". The chart is pointing towards support levels of 9c / 8c / 7c-6.5c (deep yellow lines on the chart) , and if that does not hold, then 5c - the red line on the chart (what horror!).
Personally, I am not going to be investing in SAS just yet. If the price is not right, it's not right. I will take my ticket in the queue at low 5c as a punt. I feel reasonably safe at that level.
SAS Price at posting:
9.1¢ Sentiment: Sell Disclosure: Not Held
