weekend 30th april 1st may, page-5

  1. 581 Posts.
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    Thanks dg. To be honest, never traded SDL, but watched it for a while and certainly has good swing trade ability. I am looking for some re-testing and accumulation under volume prior to any consideration. That distribution bar was massive with 4.5 times ave volume. Never previously seen at those levels for this stock. Cap raising was recently completed and $60m overscribed by insto's and I guess, that would not show up on any volume chart given they would be off-market? However, it does need to be absorbed or sold into the market at some stage and as a consequence, I am in no rush at this stage. It needs to settle down, but some smart money has defintely already been buying. Cheers mate and keep up the great work!
 
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