Ponder this. For the past 5 weeks, the SDL SP has been literally...

Ponder this.

For the past 5 weeks, the SDL SP has been literally traveling sideways, with a base building around the .24c level. Only once in the past 5 weeks has the SP ventured below that point and that was on the 22nd January during the total stock market dive. There is also a previous support area from 1999-2000.

During those 5 weeks, the weekly traded volume has been gradually declining, indicating a reluctance to sell down the stock much further.

5 weeks ago = 212 million traded for the week
4 weeks ago = 114 mill
2 weeks ago = 74 mill
This week to date 40 mill

The stochastic oscillator on the weekly chart is now well into oversold territory.

On the daily chart there is a bullish divergence forming on the stochastic and the MACD.



(IMHO) Maybe not this week, but soon, "very soon"....




NB: This is by no means a recommendation........ DYOR