Shares Of SGR Continue To Firm

Shares of SGR continue to show an upward bias after finding solid buying support near the $5.00 area last week.

A research piece from a local analyst noted that the strategic agreement with two HK-based joint venture partners, signed in March,  would boost the share price back into the $6.10 to $6.25 range over the medium-term.

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Our ALGO engine triggered a buy signal in SGR on April 12th at $5.11.

The technical picture improved last week with several internal momentum indicators now pointing higher.

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