SDL 0.00% 0.6¢ sundance resources limited

break in trend, page-15

  1. 121 Posts.
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    Hi Technicals

    I agree with you, we have a descending triangle pattern
    forming and that 'usually' is bearish, .505 being support. Interestly we are sitting on top of the 30ema line on the chart which can be a good sign of support.
    I know many on the forum don't like to hear the T.A. when the SP is coming down from a high, but at some stage a share will react like a chart should. I'd be interested to hear what Sid's has to say on the matter.

    None the less IMO it is a good company with alot potential and at some stage we will have announcements that will help it rise above the recent high.

 
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