Tnicholl thanks for your analysis. Hopefully we saw the bottom today with the short fall below 2c support to 1.9.
There has been two occasions like today when 1.9c was touched and on all occasions closed above 1.9.
On 11 Nov, low 1.9, high 2c, close 2c. Next day 12 Nov low 1.9c, high 2.2, close 2.2 and today low 1.9, high 2.2, close 2c. .
Tommorow is important to the trend, a rise indicative of uptrend, a fall downtrend confirmed. Has broken uptrend by todays drop. Tommorow I feel decides we're it goes short term.
The markets have been shocking this week. Centiment just goes south which sucks the energy from most stocks.
The DAX in Germany is up 1% at the moment, hopefully the US markets go up tonight and we get a nice day on the asx tommorow.
SCL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held