Rotuma

SBR.ASX Short to medium term price forecast

ASX:SBR   SABRE RESOURCES LIMITED
Share prices had a good run on Tuesday 24-4-2018 and the question now, are they able to hold on to its gains. There are two critical price points that I would like to point out for future references.

1. 0.025 - Share prices closed its last session around this price point at 0.024 and needs to head up and hold above this point to continue to the upside.
2. 0.023 - Failure to hold above 0.025 could see prices fall to this price point.
3. 0.018 - Failure to fold above 0.023 could see prices fall to this price point. This might provide a good opportunity to take a long position if it bounces at the support trend line and head back up with supporting volume.

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