update, page-28

History has a way of repeating itself.

Apart from the fact that Sundance has survived the GFC, and the number of shares on hand has increase substantially, the Sundance trend has developed into a strong uptrend (Clearly defined using semi log) after the development of a nice base.

The long term trend needs to be reviewed to see where the next levels of resistance lie, and also offers a perspective of future potential.

The 2 things I take away from this long term chart are that the high of 2007 was also a historical resistance level (23.6% fib level).

Following on from that the $1.40 - $1.50 level are the next historical levels of resistance (32.8% fib level).


There is not a lot of historical resistance in between these levels.