A recently completed placement shows strength in committed buyers to gun for new highs

Potential Buy Alert SRG

 

SRG – SRG Limited

SRG has been holding highs above 1.60 since the start of December and is looking strong. The company recently completed a $20M institutional placement at 1.60, a discount of 18 cents from the current price. We are now watching for a pullback as some placement traders lock in some gains. If we get the pullback we will be then be on the lookout for a buy entry setup.

 

Stock Code : SRG – SRG Limited

Company Website : www.srglimited.com.au

Current Price : 1.78

Status : On watch for buy entry setup