Normal
I entered (SDL) at 50c and see no real reasons for worrying yet. In fact the chart is displaying a bullish signal at the moment in my opinion. The activity from early June to today is actually the formations of a bullish flag continuation pattern and I am now waiting a break either side of this for confirmation of my next move (i.e scaling in, or exiting completely). Today's close was off the lows and is close to the support line so we may have a bounce soon.One negative is the divergence in the MACD with price, but again this is only an indicator and I will wait for confirmation first in price activity.
I entered (SDL) at 50c and see no real reasons for worrying yet. In fact the chart is displaying a bullish signal at the moment in my opinion. The activity from early June to today is actually the formations of a bullish flag continuation pattern and I am now waiting a break either side of this for confirmation of my next move (i.e scaling in, or exiting completely). Today's close was off the lows and is close to the support line so we may have a bounce soon.
One negative is the divergence in the MACD with price, but again this is only an indicator and I will wait for confirmation first in price activity.
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