SBM 0.00% 21.0¢ st barbara limited

Here is SBM:Daily:You can see a couple of speed angles that...

  1. 718 Posts.
    Here is SBM:


    Daily:

    You can see a couple of speed angles that might play out. Would definantly be looking for the dark blue one first, which would bring it to the 195EMA. However, note the stochastic is getting nicely oversold. You can see some support lines at 23, 21.5 , 20 and 18. Im willing to bet it wont go lower then 18 unless a really bad announcement comes out.

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    Weekly:

    This is what really caught my attention. While there are some shares ive seen with oversold daily stochastics, I havnt actually found shares with oversold daily AND weekly stochastics. This is what made me buy some today at 23.5. You can also see a gap at 55-47.5 which could be filled sometime in the future.


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