Yes - the set up is the reverse of the opportunistic selling. The "shooting star" versus the "hammer" for the candlestick analysis inclined.
Article in the Fin Review on Tuesday mentioned SDL weakness but in the same breath said that it could be shortlived given imminent announcements. With GJ in China and POSCO sniffing around Cameroon it is all good.
Looking like that big swing wave of mid 2007 setting up in the next few weeks or sooner! The broker reports and previous wave patterns seem to point towards a test of previous highs.
SDL Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held