Speedcast (ASX:SDA) bullish signals

27 Eyl 2018

Breakout of the descending wedge could signal a reversal of the downward trend.

Also bouncing off resistance.

20 Eki 2018

Not

The market correction over the last week didn't help this one. It's actually held up quite strong, all things considered.

If we extend the bottom line of the triangle, it doesn't actually break through, and has acted as good support.

28 Eki 2018

Not

This one rolled over very quickly after showing some good early signs. The thing to remember about Speedcast is that they are now highly leveraged with their latest acquisition, and will react very quickly to any negative news about interest rates.

I won't be giving this another look until it breaks through the psychological barrier of $4.00.

10 Kas 2018

Not

I'm still bullish on this. MACD divergence is the key with this one. $4 was tested but couldn't punch through. I expect this to reverse trend when the zero line is crossed.