Hi Nick1970,
SGM is breaking above a short term down trend line. The trend line is valid because it 'touches 3 points'. The breakout looks valid to me.
If SGM peaks at around $18.60 and falls back to around $16, then I would say that SGM is stuck in a sideways trend. This would incorporate your price of $18.59. Until then, I say that it is in a breakout.
Also, your post was polite. I dont mind if you disagree with my analysis and put it in strong terms. I enjoy debating/sharing ideas on here. Hey, I have been posting on HC for a decade. I have come across a lot of knobs. You dont seem to be a knob. Most of the knobs from when I started are gone.....but thats because they were knobs and didnt know a breakout from tennis elbow.
All the best.
DYOR
Hi Nick1970,SGM is breaking above a short term down trend line....
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Last
$10.30 |
Change
-0.010(0.10%) |
Mkt cap ! $1.990B | |||
| Open | High | Low | Value | Volume |
| $10.32 | $10.46 | $10.23 | $4.471M | 432.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 577 | $10.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 978 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SGM (ASX) Chart |