The momentum and the volume seems to be indicating an uptrend.
SGH has had a few of these in the past, the announcement caused SGH to oversell.
A lot of holders realised that they sold in fear hence they are buying back in, a lot of holders are averaging down (myself included). Shorters covering... Three types of investors all buying up..
We should be hitting 40c early next week, IMO we will be creeping our way back to 60c over the next few weeks.
