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.
SDL Price at posting:
51.5¢ Sentiment: Hold Disclosure: Held