SGB is in downwards moving channel. For anyone who is light on their feet there just might be a counter trend trade. I think maybe it might head up from here (there is a gap to be filled at 20.05). It looks to have found support off of the lower channel line (has consolidated) The rsi looks to be strengthening and the stochastic is moving up. The unfilled gap was due to going ex dividend, usually the price tends to recover after a short while anyway. This I will admit is a risky trade as the primary trend is down, but perhaps it may be worthwhile keeping an eye on it anyway. I have no position with this one.
Cheers
Commy
P.S. - the last candle formed on the weekly chart was a doji
SGB Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
