SGB st george bank limited

Ripe for a short

  1. Ridge
    6,975 Posts.
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    11/11/02
    09:32
    Post #: 80487
    G'day folks - trust you had a good weekend,

    I got a marketmad email this morning calling SGB a short based on a 'shooting star' on Friday and an unsustainable PE of 24 so I checked its chart on incrdiblecharts. Sure enough it looks ripe for a short with the MACD peaking out and bouncing of a return line from its high.

    Problem is there are no put warrants so its over to options traders and those that use IG Index or similar.

    Cheers

    SGB Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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