SGD Holdings Ltd (SGDH)

[jk21]

Nice, thanks for the update.

Imo, those sites are garbage. They update slow and they don't think, they just act according to an algorithm that someone made up, so you are just trusting them, not any kind of "objective" analysis.

With that said, you're kinda right about how you read the support/resistance levels. Basically, when I think about stock charts, I think about them in terms of consolidation and expansion. When those levels come together = consolidation and the opposite is expansion. Okay so that's pretty basic.

Now, one fundamental rule from what I've discerned is that no stock can stay in one of those states forever. The stock must alternate between the two.

Then, you can think of consolidation as a spring. The longer/tighter it consolidates, the more power the spring will have for expansion. And vice versa.

And that's why i Watch the moving averages to tell me about consolidation.

That's kinda how I think about it, there are more ways than mine. Hope that helped, gl everyone.