The Star has been getting punished hard and lack of confidence in traders has pushed price down to new lows. - RSI is oversold - Push down to Fib 1.27 Looking for BUYS for a discount @ 0.36 T1 for 13% T2 for 20%
Notes: Newbie trying to learn technical analysis and not a financial advice. Please comment if you think there is any incorrect point on the analysis. Thank you. 1. SGR has been in a downward trend since the end of December 2. Now SGR is close to the downward trend resistance again and we will see if SGR can break through the downward trend. 3. If SGR can...
P.S. newbie analysis here. would be nice to have some feedback. Cheers Seems like a pullback is happening after a bull run from the announcement from SGR. Currently there is a bull flag forming and might bounce back on the $2.93 (0.382) as it is one of the solid support. Once the market structure starts to change, it might be a good indicator for the bull run to...
standard head and shoulders short set up with a break of the neckline, should be some strong support down at 2.20 so a good short term target is 2.25 MACD sell signal also on the daily being signaled.
$SGR.ASX The Star Entertainment Group is engages in the management of integrated resorts with Gaming, entertainment and hospitality services. it operates through the following business segments in Sydney, Gold coast and Brisbane. Market Cap : 2.509B Total Shares Outstanding : 915.613M Price to Earning Ratio : 21.1679