SGR 0.00% 48.5¢ the star entertainment group limited

Your message has warmed my heart @tessathedog. I am incredibly...

  1. 4,643 Posts.
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    Your message has warmed my heart @tessathedog. I am incredibly grateful for your kind words! I thank you for taking the time to read through my detailed posts smile.png It is easier to skim through it all and just open the chart up.

    Thats why in the charts I highlight KEY points as I suspect many don't read the entirety of the post.

    I also respect that you take a fundamental approach to the markets. And my goal is never to sell or convince, simply share and educate smile.png perhaps in the future as your perspectives and experiences change, you will be ready to add more to your investing repertoire and I fully encourage all fundamental investors to at least understand HOW technical analysts think, or to even learn it at the bare basic levels.
    I have been enjoying your contributions @13th as I still see the bullish sentiment, from these prices for people to want to add into it. I personally took a loss on my short as I realise price action went against me. There is now a well known Technical Analyst who has put SGR on radars for a long. Even more reason I had to get out as I couldn't risk any overnight gaps or morning spikes to margin call me out. redface.png

    SGR Update:

    As 13th has mentioned short data has come down, although I don't use it as a very reliable indicator in this instance due to the PEAKS SGR had in short data., Each time prices got slammed.

    My prediction on the price action?
    With the T/A poster highlighting a potential trend reversal, he has a large following AND influence. I watched several calls. I would NOT be surprised SGR puts another green candle type move, into 56c or a tad higher. It will NOT close at those levels, infact I predict a WICK, ie seller pressure as that is where resistance is all at. THe short Data will also increase at that zone. Who's trapping who though?

    Its going to take something INCREDIBLE for this long term downtrending stock to all of a sudden "reverse direction". Hence, for me more things are aligning into a retail liquidity trap as 60c Cap Raise participants have been buying these dips, dollar cost averaging and looking to cash out. All just my perspectives. I was wrong on my entry, and ate the loss. I may still be wrong SHORT TERM. Sincerely wish all holders the best. If it does manage to clear my levels well then the thesis changes completely into a potential short squeeze for a 72.5c gap fill but lets not get too ahead of ourselves.
    https://hotcopper.com.au/data/attachments/5915/5915223-70e20a465bbb65a6523c7ead1338c91c.jpg
    BROOOOOOOOOOO that commentary near the bottom is absolutely DEADLY!! I love it biggrin.png
    "What will gambling at SGR look like, photo/machine ID, registered gambling amounts, government will know who what and where. Won't be roses for gamblers, money launderers or private people."

    Money launderers are hard on Bitcoin. It's almost hard to believe the government are putting procedures in place to stop casino money laundering but hey, atleast things take a slower pause.

 
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Last
48.5¢
Change
0.000(0.00%)
Mkt cap ! $1.391B
Open High Low Value Volume
49.0¢ 49.5¢ 47.5¢ $2.552M 5.289M

Buyers (Bids)

No. Vol. Price($)
11 362700 48.0¢
 

Sellers (Offers)

Price($) Vol. No.
48.5¢ 413569 7
View Market Depth
Last trade - 16.10pm 06/06/2024 (20 minute delay) ?
Last
48.0¢
  Change
0.000 ( 0.17 %)
Open High Low Volume
49.0¢ 49.0¢ 47.5¢ 2085680
Last updated 15.59pm 06/06/2024 ?
SGR (ASX) Chart
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