SDL 0.00% 0.6¢ sundance resources limited

You're right Dana in that a rising wedge is bearish. However I...

  1. 194 Posts.
    You're right Dana in that a rising wedge is bearish. However I guess we all often see things differently and I don't see a wedge there at all. I see only the last 2 days as a break-out from a small triangle with a possible retreat to 32c before resuming. In another thread you called yesterday's candle a spinning top and hence a bearish signal. It's a doji, indicating indecision, so it could reverse today. With last night's poor performance on US markets, that's even more likely, but not by any means a certainty.

    You certainly have taken a negative view today.
 
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