SDL 0.00% 0.6¢ sundance resources limited

sdl will off to run again, page-4

  1. 249 Posts.
    SDL 3 Day Bar Chart follows:



    We appear to have retraced the 35c - 66.5c swing and recognised the 43c level.
    The MA's haven't crossed and decay cycles are probably complete - I can't confirm that until the current bar closes (27/1).
    A move above 53.5c would confirm the swing low adding weight to the bulls push.

    Now the faster daily chart:



    Here we now see hard evidence of turn in momentum oscillators (in oversold territory) combined with a swing low being made.
    Probabilities now favour the swing low at 42.5c being the low for this cycle and the bulls getting back in control.
    Shorts should be nervous...
 
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