Looks like stocks are trying to get ready for the next market correction that refuses to begin
I believe we should be priced at 1.12 for current market conditions but we do have a lot of profit takers at current resistance (1.065)
If I had to speculate, we have a fake breakout towards 1.12 (don't think we can make it if market corrects early) & then downtrend for October before another climb towards 1.30/1.40 by the end of the year How low it gets depends entirely on any panic but I do have my parcels ready to top up when/if this drops (0.92 was the last resistance which could be used as support if this breaks down temporarily)
All of this is based on if market conditions keep their current trajectories & continue to improve as they have
Ignoring my opinions, what I do know is that they've have had 3 attempts to take this down on my daily chart since early September & they've failed to do so (they will try again once they've gotten their shares back)
Next resistance above is at 1.235 if this genuinely breaks out High volume could be a mix of traders taking profits & traders trying to get their shares back from the last few weeks of attempted selling
SRG Price at posting:
$1.06 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)