Trading SGH Next 3 Days, page-12

Some observations / comments...

You had a major breakout with highest daily volume for some time. It was also biggest mover in ASX 200. Technically it is a strong buy which technical sites (which not able to reference on hotcopper but rymes with clothesline has it as a strong technical buy on their indicators). The technicals also show a major reversal signal and given nearly every man/woman and his dog knows their is major news due which company previous signaled potential to be positive news in Dec 17 ASX release (re: positive December cash flows and evidence of turnaround in UK operations) this coupled with the massive volume bar and price action from Monday will attract a lot of interest.

At the minimum this will continue to drive a major short covering rally which most analysts are already calling as what was happening Monday.

I personally think if don't have announced Wednesday could test $1 given Monday's action as that was very strong price and volume action and expect will see higher volumes and bigger price range Wednesday. As any shorts still on (expect saw fair whack covered Monday) will be running to cover.