SDL 3 Day Bar Chart follows:
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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:
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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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sdl will off to run again, page-4
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