SDL 0.00% 0.6¢ sundance resources limited

sdl in asx200, page-2

  1. 6,816 Posts.
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    I think so - expected support at .20c and I am confident this will hold. While tempting to trade second day spikes, the problem is that this stock has been in a long tail narrow trading range. What that says to me, is that it will be hard to pick strength. If you look at the chart going back to days like the last two, you will see that it is capable of very strong runs. With "revaluation" as a driver, it is very easy to be left behind. When we run again, then it could be to next resistance level of .40c. So the risk of trading "company maker" type announcements is tricky. I am holding and sticking to the big plan.
 
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Currently unlisted public company.

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