Bears/biggies/sharks pushed the price through previous lows but failed to cause panic and generate massive volume and fall in price. Further attempts to trigger stops below 50-49 for previous LONGS also failed. Hence a sign that we have a double bottom in albeit a lower second bottom.
Keep UR eyes on 153 ans close above it. That is where the main story unfolds.
A close above 153 means heading up north 253-256 area,
stay tuned.
SGH Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held