SAAG has undergone a streak of gains since last week and price increased by 0.65 sens (87%). Price was boosted by the bullish market as well as news that released today. Report said SAAG’s subsidiary has secured a contract worth US$78 million.
Based on charts, the share has been grossly overbought as price is far above the Upper Bollinger Band and RSI is about 87%. Tomorrow should be its last lap in this Bull Run before it retraces. Investors will most probably sell on news tomorrow.
Resistances: 0.145, 0.16
Support: 0.11-0.115
Analyzed and Written by Smartbiz (Chart extracted from OSK. Click to view)
2 comments:
Yupe, agreed.
I have web site where I cover stocks and exchange traded funds under five dollars.I would rather invest in a exchange traded funds that invest in single country funds. than individual stocks in the country itself.less risk.
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