Sundance Resources Limited (ASX:SDL) Trading Outlook

Sundance Resources Limited (ASX:SDL) Trading Outlook

Sundance Resources Limited (ASX:SDL) Trading Outlook

With 3,110,250,938 fully paid ordinary shares on issue as of 31 March 2015 this is not a serious play, there could be a move marginally higher but if you own it, sell it on any spike over 0005.

SUNDANCE FPO closed up 0.001 at 0.004. Volume was 42% below average (neutral) and Bollinger Bands were 1% narrower than normal.

Open High Low Close Volume___
0.003 0.004 0.003 0.004 3,882,874

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 0.00 0.00 0.01
Volatility: 324 367 260
Volume: 3,644,970 8,039,859 6,769,765

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


SUNDANCE FPO is currently 45.8% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of SDL.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on SDL.AX and have had this outlook for the last 0 periods.


Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 33.3333. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 57.39. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 117 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 145.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 7 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.

Sundance Resources Limited is an Australia-based iron ore company. The Company’s principal activities include evaluation and de-risking of its Mbalam-Nabeba Iron Ore Project in the Republic of Cameroon and the Republic of Congo. The Company holds interests in subsidiaries Cam Iron SA (Cam Iron) and Congo Iron SA (Congo Iron) whose principal asset is the Mbalam-Nabeba Iron Ore Project. The Company’s Mbalam-Nabeba Iron Ore Project consists of Exploration Permit 92 (EP92) held by Cam Iron located in the East Province of Cameroon (Mbarga), and Mining Permit Nabeba-Baamegod held by Congo Iron in the Sangha Province of the Congo (Nabeba). The Project involves the construction of a 510 kilometers rail line for the transport of iron ore through Cameroon and 70 kilometers rail spur line connecting the Nabeba mines in Congo. The Company’s subsidiaries include Sundance Minerals Pty Ltd, Sundance Exploration Pty Ltd and Sundance Mining Pty Ltd, among others.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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