Thanks...No Problem. I made a second, quite detailed (behaviorally oriented ) Post 18660822 as to my reading of the selling at 68c a weeks ago (from those who had bought below that, an extraordinary feat (of good luck), IMO, if you read it, in addition to the one I mentioned above (those who had bought above, were underwater, and sold at the then support = new resistance, and so, "breaking even"). I tried to outline the thought process, based on the price action. In a nutshell, people sold into (brief) strength.
At the time, SGH had to make a Weekly Close > = 68 (the then resistance, hence the selling, on a huge volume day), and it couldn't. Absent good news, I don't see it happening soon.
Since then the goalposts have moved (down). Now, as I see it, it has to (minimally) retain a Weekly Close above 40 /41, current weekly (support), but others may have a different number. It's the weekly Close that the pros look at first, and then zoom in on the daily.
Cheers
SGH Price at posting:
49.0¢ Sentiment: None Disclosure: Not Held
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