Robbb posted a graph on Sdl back in late jan when it was in the 60s. (That it woudl consolidate in the 40s. So he was pretty spot on before the drop). He did not tsate a date for the 90c. But did state the 40s sideways movement would be prolonged. It needs NEWS!
Today was disappointing. Looks loike it wants to hit at least the 38c gap imho.
Oil is higher - not good for Chinese market! = nNot good for industrial metals/copper etc. We may be in for headwinds!
Hoping not and we hit 38 soon so we can go forward. But realistically put in the draw is best!
SDL Price at posting:
40.5¢ Sentiment: LT Buy Disclosure: Held
