SDL
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0.00% 0.6¢ sundance resources limited

The price action in SDL looks very sick. Every major support...

  1. jiggy888
    431 Posts.
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    27/09/14
    00:11
    Post #: 14036955
    The price action in SDL looks very sick. Every major support level has been smashed.
    The way the price has been aggressively sold down suggests the market might not think
    this will be getting off the ground.

    More Iron ore supply coming onto the market will only put further price pressure on iron ore and with the peak in demand from China well and truly over the outlook looks ominous for iron ore. The risks for this sector are increasing every day. Not good
    SDL Price at posting: 6.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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