And it'll fill quite a few pages on this thread along the way ;)
Printable View
Hmmm...$4.37 That's interesting Winner...That's my H&S pattern Target price..$4.37 See Chart link at bottom of my post#4952 15th June ..Back then SUM closed at $4.72 today it closed at $4.64..getting closer..
Channel lines are S&R lines...TP is not a support point
Looks like the Teddy bears are setting up camp on planet SUM, could be a long winter of hibernation, or is that occupation.
Occupation..nah, sounds too hash.....Picnic sounds good, cute furry and cuddly:cool:
Winner...If SUM stays within its channel, that rising channel will come up to 4.44 a major support (bull/bear line)... TA charting says If the channel goes higher above 4.44 SUM becomes somewhat derisked (a buy with stops [set just below the second support]) as the bottom channel line is also a support line..further up another support at 4.57..
Sentiment still sucks ..eh
I remind myself that SUM and MET dropped exactly the same as this last year then climbed back up. A good report / update from SUM will get things heading back in the right direction. I just hope there's no unexpected delays / costs from Auckland construction projects because that could hammer SP some more.