SGR - STARThe 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%
SGR - Waiting for the downward trend to endNotes: 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
Retracement onto a support along with a bull flagP.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 st
SGR - Head and Shoulders set upstandard 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.
$SGR.ASX needs to break out from this level.$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 Earn
SGR.ASXShare prices broke out at 5.43 resistance this morning and managed to hold and finished the day at 5.60 up by 2.38%. The current support is at 5.53,5.47 and resistance is at 5.65,5.74 & 5.82
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