SDL 0.00% 0.6¢ sundance resources limited

best2 keep buying sdl before big boys next wk, page-37

  1. 1,107 Posts.
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    Just looking at some of the retracements over the last couple of months, I don't think there is anything to be worried about just yet.


    Mid September 30c to 22.5c (7.5c or 25%)

    Mid November 34c to 29c (5c or 14.7%)

    Late November 39.5 to 35c (4.5c or 11.4%)


    So from 66.5c a retracement back to 58.5c doesnt appear that bad (8c or 12%)

    A retracement of 25% as experienced in September would equate to a share price of about 50c. Anything under 50c, indicates to me that there could be a concern.
 
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