Australia's largest stock trading and investment forum Australia's #1 stock forum

SGQ

4.00%

2.6¢ st george mining limited

chart update, page-98

First 98 Last

Share
Profile

Follow
cautiouspunter

254 Posts.

6

03/09/19

11:19

Post #: 40288809
Share

Originally posted by helmenesh: ↑

Hello Xenius, Good to read you.
Seemingly the upper part of your channel has been breached since you posted this chart, and the RSI is slightly above the 50% line. I also imagine that your Fast Moving Average has crossed the Slow Moving Average, depending on your settings on the chart, also volume is healthy. All very good signs. I would also say that since mid March, the chart has completed a 5 leg Elliott Wave very early in July and it is now on the third leg of hopefully another 5 leg move. Remembering that conventionally the third leg is usually the longest leg of a 5 leg move.(at least it can't be shorter than both leg one and leg 5) This probably indicating that 16c. is within reach. when? will depend on the results we get from forthcoming fundamentals. Good chart you have posted. Please keep updating them as I am sure not many readers know how to read charts or how important they are. If your charting software has the Fibonacci indicator, please include that as well, as the momentum from now on will determine when to take some profits with some confidence when reading the Fibonacci levels. Well done Xenius!

Cheers,
Helmenesh

Expand

Will SGQ be the next Jubilee or the next Tasminex?
Executive Chairman seems to be a smart lawyer like former Executive Chairman of Jubilee and Indonesia may ban export of Nickel trying to copy China with rare earths. Neither nickel nor rare earths are that rare.

SGQ Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

What's causing the cost-of-living crisis, and how to navigate it

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon