SEA 0.00% 16.5¢ sundance energy australia limited

Calling any chartists, page-2

  1. 2,558 Posts.
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    Why do you need a chartist for.

    This stock is clearly in an uptrend. The CR was at 13c and now its 19c - thats close to 45% return.

    The cash from CR is not being used to pay down debt (not like sto) but to invest so as long as oil continues to rise and management dont stuff up then there is no reason for the rally not to continue in SEA.

    A chart is not going to tell you the impact on the Sp if Trump wins the election or oil retreats on the back of an OPEC flip - there the risks but the market has been pssimistic on oil so price risk is to the upside.

    A chartist is just going to draw a line from 7c thru 10c thru 13c and say looks good. Look at the fundamentals, take a view and go for it.
 
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