weel chart, page-3

hi russell, you have drawn a very nice chart. Let me add to your observation. If you look at the money flow of SGL,volume has increased and is increasing further since May to accompany the price rise.During this period, SGL has a higher high and a higher low in its SP, thus establishing an upward trend,whilst breaking out from the recent down trend as shown in your chart.The chart confirms the fundamental analysis, that SGL is starting to be profitable and if SGL is able to break out from the highest resistance level of 45c established during the year, SGL will run hard.BNB has become a substantial shareholder of SGL and has increase its holding recently.It is likely that once they have increase their holding further, this will be transfer or onsell to BBI,their infrastructure holding.SGL has been a laggard compared to other gas companies like QGL but its recent successful exploration and firming up of reserves will see it being rerated in the near future.
DYOR.