Can you please explain in words what you think is likely to happen with the chart? Is the chart saying if it breaks above a certain price it is likely to hit a certain price.
I am trying to convince my wife about SDL. She pulls faces and indicates that I have no idea about SDL and what will happen if we get the announcement about off take and financial partners.
I most probably have fewer shares than most on this forum as I have not been able to work for well over 12 months,so have no money coming in. My wife has a bit which I am trying to convince her it will make money.
I have looked at selling some other shares I have that I will loose money on,but have shown my wife this afternoon the advantage of putting that money into SDL because of the likely gain on announcement. BRM and UMC I think will be good,but will not move in comparison to SDL on announcement of off take and financial partners.
Worked my figures on buying price of 13c & 15c price range and going to a range of 30c - 45c and 50c. I think they could even go higher. I could be delusional as well.
Would really appreciate your opinion about likely scenarios.
I understand it would only be an opinion and not advice.
Regards Westcott.
SDL Price at posting:
15.5¢ Sentiment: None Disclosure: Held