SDL 0.00% 0.6¢ sundance resources limited

I would just add that it also gets riskier as we get to SP...

  1. 358 Posts.
    I would just add that it also gets riskier as we get to SP levels as where we are now. The move down has not been impulsive - but very consistent. It is likely that the corrective wave will be impulsive - jumping back to previous support which will now be resistance. I can see a move to .43 once the shorts need to cover. I think that the time for stops is now passed by on a risk/reward basis. Not to say we cant go lower of course, but I think that being out right now is high risk.
 
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