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
SGQ Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
