SDL - Sundance


Daily chart on this one is looking ok for a buy IMO, for various reasons as shown on chart below. nice channelling, with new up channel looking like it's begun. Ma's crossing, and price retesting the cross. MACD about to cross Zero. Volume could be a little more encouraging, so stop is set pretty close. I've entered today and have set stop on a close below 7.9 - 8c. I know nothing of this company's fundamentals, but the chart looks inviting on the longer time scales, as i will show further down the page.
Daily chart:


Monthly Chart: Note the nice round bottom + cup and handle pattern.


Disclaimer: The above mentioned information is my opinion only, and NOT to be taken as advice as i am NOT a licensed advisor. Caveat emptor.


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