- SGH is currently sending mixed messages, which could be interpreted by some as bullish or bearish by others.
- The charts have leaned bearish all year, but the patterns also suggest SGH could be due for a bounce in the near future.
- SGH is facing supply chain problems that are having an impact on the quarterly numbers, which are showing signs of deteriorating.
- While a countertrend move is likely, it is better to stick with whatever direction the prevailing trend suggests the stock is heading for.
For further details see:
SMART Global Holdings: A Bounce Could Be In Store