Well, I said Friday as that makes it 10 days from one of @bruutz82 's call for back above 50c.
So, bruutz, I'm quoting you on it.
Are we still on track for beating that tomorrow?
The chart is still sick.
Anybody that bought today is bottom picking, pip trading, or just keen for longer term hold, surely, as yes, SGH opened and closed higher, but still nowhere strong enough to beat the top traded prices from yesterday, let alone any of the previous 19 trading days (almost a month of trading).
A move back to 42c next week which holds I feel would offer some indication that there is actually some support coming back, failing any unpredictable announcement that miraculously gives this legs up.
Having said all that, it's now 2 months past the low for the year - we haven't dropped back into the 20's for some time now, so I'd have to say there is a chance the share price can hold it's ground around these levels, but until we see any actual recovery, the gap fill at 32c looks more and more likely by the day.
SGH Price at posting:
39.0¢ Sentiment: None Disclosure: Not Held
