SGR 1.98% 51.5¢ the star entertainment group limited

Star City Capital Raising, page-33

  1. 4,646 Posts.
    lightbulb Created with Sketch. 430
    It is cheap like a pennystock SGR
    It's market cap is far too large to consider as a pennystock
    Infact it is a LARGE CAP stock lol
    But perhaps you are right on it all redface.png

    So far we can see SGR is up nearly 5%, on thinning volume. What's so wrong about my above thesis?
    They have taken it up higher, on lower volumes. Clearly liquidity grab as the depths keep being propped to get folks to chase it up and then feel the bid get hit

    You don't create the worst technical chart pattern only to push the price up higher. These guys WANT to add more shorts and it doesnt make sense when price is near 52 wk lows, it makes sense when they push the price up on the thinning volumes as suggested. SO thats why I see their game and took a scalp trade long. I do know the risks though smile.png will be reversing this trade by thursday
 
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Last
51.5¢
Change
0.010(1.98%)
Mkt cap ! $1.477B
Open High Low Value Volume
52.0¢ 52.5¢ 51.0¢ $2.763M 5.386M

Buyers (Bids)

No. Vol. Price($)
4 79420 51.0¢
 

Sellers (Offers)

Price($) Vol. No.
51.5¢ 300829 2
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
SGR (ASX) Chart
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