It's taken 5 years for Sage to break out from 824 resistance. Good results today have seen the price initially increase by about 4%. Let's see if this is a true break or a bull trap as it was in Dec 2021. Looks bullish to me but do your own research and this is not a recommendation to trade.
Will Sage breakout of its 817 resistance, which has held for almost 5 years?
It's been a while since the stock declined in what could be the final E leg down. Expect it to progress towards 900 now.
SGE published worse than expected numbers which triggered a 13% sell-off. It is likely the end of a corrective Wave 2. Time to start buying at this 580-ish levels to get on coming Wave 3 train.
FOR INFO ONLY - NOT TRADING ADVICE Could be a very long consolidation of wave 4. Long wave 4 means large pop up!
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...
This sent shares higher today, will the trend continue?
expecting a correction of this sharp rally down to the 50% fib at least Confluences: low volume resistance turned support level price finally broke through could act as magnet current channel rejection off resistance doji/hammer rejection on daily into a heavy daily sell off indicative of bears entering the market Target 650