I was looking at the SBL chart today. Since you asked in the other post these are my thoughts:
3 year weekly chart:
1. Share price was trending down (red line). Share price found a bend in the end of the down trend and Buyers started kicking in and the share price went up.
2. Pink line shows share price trending down again, note also volume is trending down with it.
3. The green horizontal line shows support at 1.6 cents now. This could be the bottom? What we need is buyers coming in like last time.
4. Grey rectangle are is what we want to see like last time. With the stochastic and MACD oversold hopefully we are at the bottom with the share price
5 year monthly chart:
1. Monthly shows the same as the weekly. Stochastic is oversold again like last time (grey box), and green line showing support. Need POG to go through the roof or SBL to announce something to get buyers coming in again. Or Traders might repeat the same pattern again and the share price rises?
There were a few posts today comparing SBL to other goldies, so i thought i'd post some charts. Last time i compared a few goldies was on the 25th May 2011 on Post: 6757307....or copy and paste: