To each his own on believing there is a place for TA in this...

To each his own on believing there is a place for TA in this current environment for SDL, however the SP is still trending and support and resistance levels are being met. TA is merely an indication of how the trend is going and to find confirmation of turning points. It is alive and well in all stocks regardless of TO offer on the table.

TA is only for setting entry and exit strategies on Long or Short term trading, nothing more.

Sundance is suffering more from the Global woes as was shown recently. All SDL is doing is morroring all other stocks and sectors.

Fundamentally, SDL is screwed because of this TO (SOB).


Technically is has huge amounts of upside.