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dariusgear

87 Posts.

28

22/01/19

17:34

Post #: 37190067
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Originally posted by iReact: ↑

SAS Weekly Time Chart 22/01/2019
Red is 50MA Blue 200MA
When Red crosses up over Blue is a Golden Cross as in 2017 and is full steam ahead.
When Red crosses down over Blue is a Death Cross. Just confirmed this week. Usually followed with a continuous downward movement.
RSI though showing signs of possible further upward movement.

However, at present, I feel that our lowering SP is more due to the overall effects from the general downturn in the markets worldwide than from SAS fundamentals.
These next few weeks will be very interesting as I believe Wall Street is about to have another crash with S&P and DOW dropping another 50% at least. If this happens then SAS and almost all other stocks will take a major hit.
Volatility seems to have returned to the markets in a big way, so expecting a lot more sudden moves Up and Down during this year. It will certainly keep us all on our toes if we want to make the most of these opportunities.

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So around 8c is a key level in that instance?

SAS Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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