SDL 0.00% 0.6¢ sundance resources limited

retracement

  1. 317 Posts.

    Hi guys

    It is normal to have price retracement regardless of the market momentun.
    looking at todays outcome. i still believe the share price will retrace a bit more in the coming weeks prior to milestone announcements. this in fact a good opportunity for investors to recharge.
    The trend is still very strongly so i think 38% retracement is the target.which is 38% of (0,665-0.145)=0.47= SUPPORT LEVEL.

    Does anyone out there SHARE the same opinion.

    just to let everyone out there that i am a long term holder and just want to top up.

    thank you all.

    bouhr
 
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