As I said before, one day does not confirm a directional move, but it does raise awareness levels.
There was an alert today for those savvy TA and pattern followers. A pennant formation had been develping for the last couple of weeks that was breached to the upside today on increasing volume.
We need to break above previous resistance around .53 to confirm a new uptrend, but savvy traders and investors will be looking hard at this trend now. Especially given everyone is expecting positive announcements over coming weeks.
In all today was a bullish move, with higher lows and higher highs than the previous two swings.
SDL Price at posting:
51.0¢ Sentiment: Hold Disclosure: Held
