Risk/reward as shown is 4.63 to first PT, which is good despite the overall dumpiness of this stock. It would be extremely risky to attempt this trade without a stop loss.
Hello there,
As you can see in the chart SGBX is forming a triangle with a great opportunity to blow up.
Please be carful with your money.
Targets and SL in the chart.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Thank you.
-Super strong close here
-volume confirmation
-Will watch price pre-market this can be a pre-market play
-potential sell off at market open
-definitely worth watch Monday
SGBX has had a great run so far, can't argue with that. But now that volume is a bit lighter, is it building blocks for new highs or for a failure at resistance again? The .50 Fib line has been a relatively consistent area of resistance over the last few weeks. Meanwhile, .618 seems to be an area that SGBX has bounced from after a pullback. As it approaches the...
Shoutout to Rex Finance for confirming some things i had in mind about this company. I had a position before but got out with a small loss as the company was not releasing much news, and the stock wasnt moving much. The past few months have been good for SGBX as they have been releasing news pretty frequently. Yesterday they announced a leasing agreement with Cook...
Dragon pattern
4hr classic bullish divergence on the MACD and RSI
Daily hidden bullish divergence on MACD and RSI
Stop = Below lowest candle wick of the retrace
1st Target = High of previous rally
2nd Target = Measured move
Have had this on my watchlist as Rex finance who did a great job in breaking down this company bought this to my attention. Didnt pull the trigger when REX finance talked about it, and missed out. But another opportunity is here to get in before another run up. MACD is in the red currently, and will decide if i want to get in when i see a crossover to green....
Undervalued now based on fundamentals. Should be around $8-9.
Interesting business that has massive potential to ride on various tailwinds such as building charging stations, covid testing pods etc.
How SG Blocks pivoted to meet COVID-19 needs...
One company helping to do that is SG blocks and their CEO, Paul Galvin joins us now. SG Blocks is a company that takes old shipping containers and repurposes them for restaurants, homes, other sources.
