Hi all, I've marked the support and resistance levels for SNG. The current support level is at 23 cents, and the previous one was at 34 cents which now acts as resistance. The resistance levels are at 30, 34, and 39.5 cents.
The price action on Friday suggests a decline in the share price in the near future. If you look at the candle on Friday, you can see the buyers lost control towards midday, and the sellers took control of the price. You can see this better in the second image.
The last time SNG had a similar trading volume to what we saw on Friday was back in November '20. So, this could be a good or a bad thing depending on the JORC results.
Cheers.
Hi all, I've marked the support and resistance levels for SNG....
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