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SGH

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54.5¢ slater & gordon limited

Here is the main story. Bears/biggies/sharks pushed the price...

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TechnicalsSayItAll

1,296 Posts.

22/01/16

13:00

Post #: 16849769
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Originally posted by TechnicalsSayItAll ↑

SOME MAJOR FIB.LEVELS TO CONSIDER WHENSGH BOUNCES.

1.
SGH fell from 810 to 53.
So total fall is 757
2.
For 40% retracement the level is
WOW 356.So that becomes doubly big resistance on way up.
3.
Next significant level is 50% retracement.
I will watch that v v carefully on the way up.
It is 432. Watch on the way up if market keeps closing above /SGH i mean 432.That will be a good sign that we may be heading towards trend reversal.It is very normal for the markets to come back even in bear markets and do a 50% retrace.
4.
Here is the MASTER KEY.
61.8% retracement.
That is at 522.
If and when we see SGH close above 522, that will mean total trend reversal .Normally it will mean we R heading towards ALL TIME HIGHS and if knocked down.way way higher.
5.If and when all time highs are knocked down, i think next leve;l to watch is add 757 to 810.
Gives u a target of 1567.
WOW amazing stuff. Matches with my BASIC ANALYSIS of where SGH can go in 12-18 months from here if SGH crowd is worth their salt and got the right advice and people managing and steering the business to financial prsperity.
PS. Pls save this message for future reference.
Thanks in advance.
These R purely fib calculatiions as per retracement levels

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Here is the main story.

Bears/biggies/sharks pushed the price through previous lows but failed to cause panic and generate massive volume and fall in price. Further attempts to trigger stops below 50-49 for previous LONGS also failed. Hence a sign that we have a double bottom in albeit a lower second bottom.
Keep UR eyes on 153 ans close above it. That is where the main story unfolds.
A close above 153 means heading up north 253-256 area,
stay tuned.

SGH Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Here is the main story. Bears/biggies/sharks pushed the price...

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