| From: Andrew~ |
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| I've looked at SBL-V on ChartSmart. I don't have the hang of it yet but I've drawn the channel lines and its quite interesting. Basically since the flagpole/breakout in early February it has formed pattern which is unusual for such an extended period as they usually resolve into triangles. Volume has declined too as it should with a bull flag. On the weekly chart the 50 day SMA is actually just starting to rise. Sell pressure is weakening. ADX shows it is trendless. Its either going to continue in the down sloping channel or perhaps start trending sideways in a rectangle 4cents to 6 cents if it doesn't break out to the upside. 4 cents would seem to be a low risk entry with potential high return. :) |
