I'm not a chartist, but I can't agree with bear2bull's thoughts...

I'm not a chartist, but I can't agree with bear2bull's thoughts regarding share price movement. I'm not sure why you would expect a share price re-tracement of circa 20% over the next few days/weeks regardless of the Libya situation. SDL has proven to hold the 48c-51c range quite well over the last few weeks, even with the red days experienced on the ASX overall. When you factor in the DSO DFS, the itabirite pre-DFS, and a possible resource announcement regarding Nabeba are all expected within the next 3 to 4 weeks, it would seem unlikely to me that SDL would fall ~20%, unless World stability conditions severely deteriorated in that period.

Again, I'm not a chartist, I look at fundamentals so I could be wrong, but it wouldn't seem logical to experience a 20% drop when these announcements are pending.