SAU 4.35% 8.8¢ southern gold limited

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  1. 531 Posts.
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    I think the short term picture is more positive than you think:
    sau.jpg

    We have broken a downward trend that emerged after the upward breakout in august, on the 8th of january. That green line is now are short term support. We will bounce upward when we reach 26cts. For the moment however, everything points to that lower price, technically SAU is strong sell at every timeline according to investing.com:

    Type 5 mins 15 mins Hourly Daily Monthly
    1 Moving Averages Sell Sell Strong Sell Strong Sell Strong Sell
    2 Technical Indicators Strong Sell Sell Strong Sell Strong Buy Strong Sell
    3 Summary Strong Sell Sell Strong Sell Strong Sell Strong Sell

    Some good news could do wonders.
 
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