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SAL not looking good

Reply
Not applicable
support 75 c not looking good at all !!!
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7 REPLIES 7
Wizard
Super Contributor
This could be the turn around. It has to go above 94c to be sure!
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TJH
Frequent Contributor
Keep your eye on this one. After the rights issue is out of the way, fundamentally we should see R2,00. Technically in a sell at the moment.
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DCTrader
Super Contributor
Explain to me how you see support at 75c?
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Not applicable
weekly and monthly not looking good RSI MFI Poss head and shoulder formation might see green for know but not convinced with meduim to long at all
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Wizard
Super Contributor
Somebody just bought himself a million of those at 89c. :) I want to see this one at 120 in a month time with an RSI over 60!
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Gold_Guru
Contributor
TJH I'm not sure how you can say that fundamentally it could go to R2. The company's liabilities exceed its assets. Technically its bankrupt.
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TJH
Frequent Contributor
You right. So much for the hot shot analyst I was talking too. That's why I trade technically! Perhaps he was refering to further prospects after the rights issue.
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