Forum Topics SDR SDR Chart Review

Pinned straw:

Added 2 months ago

Discl: Held IRL 5.10% and in SM

SDR is looking to have entered a nice top up zone for me:

  • Approaching the 50% retracement level from the recent run up at ~5.69
  • The 5.64 to 5.95 is a medium-term support/resistance area that goes back to March 2024 
  • The 200 SMA line is hovering around 5.46, providing the next downside support
  • Thereafter 5.15 is the 61.8% retracement level


4233e21e1efb7e658c69a3932a3f7a225477a0.png

jcmleng
Added 2 months ago

Discl: Held IRL 4.93% and in SM

Updating the SDR chart from about 4 weeks ago. Notes from that straw are still completely valid, reproduced below. The price fell into the 5.64 to 5.76 zone on 21 Nov, but before I could act, bounced up from it as the support kicked in immediately, on cue. The price has now come back into, and remaining in, the top up zone today.

SDR is looking to have entered a nice top up zone for me:

  • Approaching the 50% retracement level from the recent run up at ~5.69
  • The 5.64 to 5.95 is a medium-term support/resistance area that goes back to March 2024 
  • The 200 SMA line is hovering around 5.46, providing the next downside support
  • Thereafter 5.15 is the 61.8% retracement level


be1b9d8397c01f69698157b7480376a923ef3c.png

11