Wait for volume to drop off on SD

Wait for volume to drop off on SD

A reader requested a stock chart for SD, here's the technical analysis:

Ultimate support on SD is between 6-6.5. If SD breaks below the support from March 2009 then SD is headed to 4.5. If SD can hold above 7 and the volume dies off then SD could form a rounded bottom pattern and swing up to 10.1 This process could take months. For now I don't like SD as a long play. The volume needs to drop off under 10M a day first.

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