Short Term Trading Weekend Lounge: 28 - 30 Aug, page-111

STTCOMP SGH TA LONG


Company snapshot

SP 1.10
MC 152 MIO
52 week H - L 1.49 - 44 cts
SOI 138 MIO


SGH had a nice breakout around 90 cts and moved quickly towards the 1.50 mark. After the earnings report which was not bad we saw some profit taking. I see a base building around the 1 - 1.10 AUD mark before attacking the 1.50 mark again.

SGH has broken downtrend around 80 cts, built a W formation which looks quite bullish.