Trading SGH Next 3 Days

  1. 13,358 Posts.
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    I'm looking to trade in and out of SGH to take advantage of the volatility in this stock during the next 3 days.
    It appears that when the SP got down into the mid 0.50's the shorters lost interest.
    During the past two trading sessions there has been a fast move from $0.55 to $0.70.

    I realise an annc. is due within the next 3 trading days so may be the shorters are staying away until this annc. is out so we could see further appreciation in the SP until the annc. with the FOMO factor kicking in.

    Possible outcome:-
    WED 27 Open at 0.71 (market waits to see if sell off, if no sell off, around 11am buyers come in and push up the SP to $0.80 - 0.$81, at about 3pm profit takers sell pushing it down to $0.75, and it closes at $0.77)

    THU 28 Open at 0.77(market waits to see if sell off, if no sell off, around 11am buyers come in and push up the SP to $0.81 - 0.$83, at about 3pm profit takers sell pushing it down to $0.79, and it closes at $0.80)

    FRI 29  Open at 0.81(market waits to see if sell off, if no sell off, around 11am buyers come in and push up the SP to $0.89 - 0.$90, at about 3pm profit takers sell pushing it down to $0.85, and it closes at $0.86)

    If SGH leave the annc. until after the close on Fri., I think the SP can hit between $0.85 & $0.90 by that time .........
    Hoping you guys may have a better TA on the current predicted movements in the SP, look forward to hearing from you and what you think the SP will do over the next 3 trading days.

    Thx
 
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(20min delay)
Last
$51.40
Change
-0.570(1.10%)
Mkt cap ! $20.91B
Open High Low Value Volume
$52.74 $52.74 $51.24 $18.10M 351.1K

Buyers (Bids)

No. Vol. Price($)
1 245 $51.20
 

Sellers (Offers)

Price($) Vol. No.
$51.46 1043 5
View Market Depth
Last trade - 16.10pm 04/07/2025 (20 minute delay) ?
SGH (ASX) Chart
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