Next week will be all important to the holders of Sundance.
Support held at .14 this week with "lower than average" volumes traded. IMO it was a poor effort to sell down the SP to lower levels.
A SP break above the blue descending trend line on the chart (approx .155 - .16 cents) accompanied with increasing volumes will be a positive move indeed.
Global markets closing green on Friday should lead into a positive start for our market on Monday. Accompanied with news of possible 20% increase in Iron ore prices and increased demand in 2010 should bring back interest in Iron ore producers and explorers (all speculation of course)
Will we see a price increase or decrease?
I am looking for a positive week for SDL next week. Hopefully confirmation of a double bottom chart pattern.
Wouldn't that be a sweet Xmas present!.
Merry Xmas all.
SDL Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
