SGH
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0.00% 54.5¢ slater & gordon limited

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  1. Fishinnick
    22,180 Posts.
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    09/01/17
    14:55
    Post #: 21768872
    Yes its a kind of breakout, more like a break of short-term trend but these things can have some power behind them sometimes as punters become confident.
    Whats missing you ask?
    News is missing, rally won't be sustainable without positive news. When i look at my chart and IF this 27-28 holds up next resistance should be about 29-30c at the 50 ema (green), then maybe 33-34.
    Have you covered your claytons short yet?

    sgh.png
    SGH Price at posting: 27.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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