I should add, that while there is not one technical indicator that shows a bullish sign at this stage, the long term sideways movement, stability of the share price and lack of volumes, to me, is a good sign of a base being formed.
What I am excited about though, is any hints of a positive future will see shorts covered and investors jumping in.
A share price of only 47c ish will see us move above the 200 dma, which in itself is already flattening out. Now that would be the catalyst for a confirmation of a trend change and is a Chartists wet dream.
Small stake (40k shares) taken now. Will double up if this occurs.
Milesy
SGH Price at posting:
37.0¢ Sentiment: None Disclosure: Held
