SBB 0.00% 1.2¢ sunbridge group limited

Due Diligence Done, page-8

  1. 11,400 Posts.
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    Just as a TA point of view. One of many, this pattern is pretty common on the 3monthly - Cup and handle.

    http://www.investopedia.com/terms/c/cupandhandle.asp

    This is my interpretation ofcourse there will be others, but the 10c mark also is a fib level and the RSI/MFI are both in over-sold terrictory, which makes my case for cup-and-handle much much stronger.

    I bought in yesterday on this formation, have traded this a few time (as this is my current modus operandi) however probably would of been just as beneficial to hold from 6-7c (all things considered).

    regards,

    Nihilism
 
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