There are a number of things you can use to analyse this stock and support figures are one of them. Another is the fact the last two days have been down on low volume, which a lot of people believe means that the market hasnt committed itself to a new trend yet and is typical of a pause or pull back in a bull market.
Personally I only like to buy when the fundamentals are good... and despite some uncertainty SGH is still a good business.
All of the above leads me to be convinced that we'll uptrend again (but obviously I could be wrong... DYOR)
Have a great weekend!I
Ps score another couple of points for this stock for friday being a sell day and shorts declining. There are definitely some people out there who are starting to believe in this stock.
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