Following a brutal sell off recently rolling a CEO step down, now could be the time for a long entry on SGE. Looking at an entry above Fridays high. Technical points: Engulfing bar on strong volume Rejection from lower Fib RSI 2 oversold May be good for a bounce. SL: 560 TP1: 608 TP2: 630
We are on the hunt for short ideas as we expect to see some form of pullback in equities in the short term. Sage Group is in a long term downtrend and has underperformed the benchmark index over the past 1-3 months on a relative basis. The shares have rallied into downtrend resistance as well as a combination of the 50 & 200 day moving average. There was also a...
We can go long now, and aim for 1365 and 1462.45. The weekly hasn't confirmed yet but I anticipate confirmation by next week. Stops should be below 1235, give it some breathing room! Rgmov is plotting fresh new highs, a sign of strength, and we're sitting above the uptrend mode, so it's logical to expect continuation. Notice how price held support at the options...