SGH traded today as expected. Refer to my earlier prediction on SP open, gap down, then went past the opening price before triggering technical buying. After consolidation it moved higher.
Shorts are now covering bagging in at least 40-50% profit. reversal today is confirmation that SGH should finish green with about 2-3%. Tomorrow and next few days should see some green candles. there are at least $90m of shorts still to be covered, expect short cover rally.
Hope some of you have made some dough in the volatility. I made some but lost on STO. I also advised ppl not to sell during the bad news as you will see the SP reverse before your eyes. Hold onto SGH we should see up to resistance of $3.95 soon.
some strange trading a large 300k order just wiped out a few lines to $3.20 as shorts are covering. in this type of trading you have double sword effect with shorts covering and trader buying on technical.
GLTA
SGH traded today as expected. Refer to my earlier prediction on...
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