Agree. The concept of "Overbought" MUST be related to "undervalued" or "overvalued". It is very reasonable to assume that we are going through "revaluation" in which case you need to look at TA very differently. The difference between a great investor and a poor one, is not knowing when you are in a trading range or a revaluation wave that is heading to its rightful place. GJ has given us a hint in today's Australian. 100 mt pa estimate. We are currently valuing SDL on 35mt. Also, vals are at IO prices of $55 - $65 when spot prices are more at $160 from memory. Forecasts from analysts are predicting higher prices and demand.
High volume demand is driving SP. It is a buy IMO.
SDL Price at posting:
62.0¢ Sentiment: LT Buy Disclosure: Held
