are we going to test 30c, page-20

A bit over a Million shares opened Short on Monday 30thJune[compared to Friday]
SDL fell under the Long Term MA yesterday,an indication of return to previous DownTrend.

It's failure to return to the high 30's and stay there last week,further discouraged holding.[Lower High so Lower Low?so it has happened]

No doubt some of today's selling down the Bid line,along with yesterday's is Increased Short Position Opening.

Watch Market Depth,Course of Sales for multiple Largish 100k+ parcels BUYING ie Closing the Shorts.
A million extra shorts is NOT giving the figures for IntraDay 'action' just the EOD Open Positions.
37.5 cents will be resistance for any retrace so target that Long?

Whole Market is messy at the moment.SDL is a speculative stock despite Talbot's involvement [BTW his Total Holding is at an Average Cost of under 20cents]
Many still hold this from much Higher Buy Price 50cents+ ie Ignored Stop Loss Action and have become "involved" in
"This should not be Happening,Demands something be Done by Management to Stop d'Rotten Share Price."it's a lol.


Happy Trading.