The Big Boys, page-965

SDF has been in an uptrend since breaking in late 2016
More recently since June 2017, price has been in a sideways consolidation, ranging between 2.55 and 2.87
Just over three weeks ago price popped above the 2.87 level and made a tentative breakout
It was not a really serious breakout, but did show an increased spread and and a small rise in volume
There was a little excess supply drawn out the week after this event, which has needed to be absorbed
Price has currently come back to test the strength of the breakout line at 2.87, and volumes don't seem overwhelming so far
If supply remains within reasonable levels at this level, price maybe poised to breakout, this time with more intent
However if supply becomes overwhelming (which seems less likely at this time, but is still possible), price may be forced back to the relative safety of the previous sideways range, to continue the consolidation process in an attempt to remove the excess supply above.
Personally, I like the look of this chart, and am optimistic it will make another attempt to push higher.

SDF Weekly (its easier to read the story on the weekly)


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I'll toss one back for the watchlist

MYX appears to have broken out of a sideways accumulation yesterday, and tackled the complex breakout lines above.
There is a pretty good chance (~50/50) price will come back to test the breakout for strength, before price accelerates away (or fails).
It has been potentially accumulated since late August this year, and things got a bit more urgent in November, so there has been enough time for a decent rise in price when it is ready to move.



cheers