you'd be hedging now after the ASX has fallen 10% and SDL a lot more... good advice perhaps a couple of months back.
Horizontal support was at 30 but falling trend lower support at 31. Hence some buying there. I'd be waiting for the trend to confirm a change direction by breaking the upper trend line ( upon close price ).... Otherwise just hoping for over anticipated good news seems a weak hand to play for mine. I would think if great news was just around the corner then the price may be reflecting that in advance.
SDL Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
