SGH
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0.00% 54.5¢ slater & gordon limited

Time to Go Long

  1. GC8
    1,890 Posts.
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    30/04/16
    13:10
    Post #: 17641297
    Well I'll make a call......it's time to go "Long". The downtrend has been broken (monthly closing prices)......
    March 2015 $7.08
    April $6.34
    May $6.03
    June $3.56
    July $3.42
    Aug $3.27
    Sept $2.94
    Oct $2.77
    Nov $0.93
    Dec $0.82
    Jan 2016 $0.60
    Feb $0.58
    March $0.26
    April $0.295

    Even if there is bad news next week and the SP drops the turning point (reversal) has already been established and will be an important pivot point to a higher SP.
    SGH Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 24  Upvote
    lightbulb Created with Sketch.  Great analysis
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