Will SGQ be the next Jubilee or the next Tasminex?Executive...

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cautiouspunter

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03/09/19

11:19

Post #: 40288809
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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

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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

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(20min delay)
Last 3.1¢		Change 0.000(0.00%)		Mkt cap ! $33.74M

Open	High	Low	Value	Volume
3.1¢	3.1¢	3.1¢	$10.51K	339.2K

Buyers (Bids)

No.	Vol.	Price($)
2	26244	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	1509213	5

View Market Depth

No.	Vol.	Price($)
2	26244	0.031
11	3094416	0.030
8	2900153	0.029
8	2363997	0.028
4	1940740	0.027

Price($)	Vol.	No.
0.032	1509213	5
0.033	867656	7
0.034	449428	2
0.035	748105	6
0.036	517430	4

Last trade - 10.35am 18/09/2024 (20 minute delay)

SGQ (ASX) Chart

Will SGQ be the next Jubilee or the next Tasminex?Executive...

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Will SGQ be the next Jubilee or the next Tasminex?Executive...

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