We all know there is strong accumulation happening.
The sell side is loaded to get the weak hands to sell.
The guys accumulating if they push the share price further down they know this will scare away buyers, I'm sure they don't want that.
There is no reason for the sp to go below 45c.
If they do push it lower they will be shooting themselves in the foot.
Just my observation, also don't be sucked into thinking or believing the gap needs to be filled, there is a very high chance you might miss the next leg up by placing buy orders at very low levels.
SGH has been greatly derisked. I also believe the banks will want SGH to release more news to get investors confidence back.
The banks will want the sp to increase, the higher the sp the more they can get to pay down the debt.
Also with the RBA cutting interest rates, the banks will be looking everywhere to get there hands on more money.
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