SGOCO Group, Ltd. designs, develops, and manufactures phase change material storage systems for applications on cooling and heating systems in Mainland China and Hong Kong. The company’s products include phase change material thermal energy storage products; LCD/LED monitors; and TV product-related and application-specific products. It is also involved in money lending services; and property lease and management activities. In addition, the company provides fintech and IT support services. It sells its products under the SGOCO, No. 10, and POVIZON brand names. The company was formerly known as SGOCO Technology, Ltd. SGOCO Group, Ltd. was founded in 2005 and is headquartered in Tsuen Wan, Hong Kong.
Our Global Algorithmic Trading Software (GATS) #5 indicates the following for SGOCO Group, Ltd. (SGOC)
The Long Term Trend (LTT) is currently Bullish
The Medium Term Trend (MTT) is currently Bullish
The Short Term Trend (STT) is currently Bullish
The Micro Trend (MT) is currently Bearish
We are bullish on SGOCO Group, Ltd. (SGOC) with potential trade entry signal as follows:
Global Entry Signal : $1.93
Global Hard Stop Distance: $1.52
Global Target Profit : $40.40
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— 2 Comments —
Shares of SGOCO Group (NASDAQ: SGOC) were up over 500% on Friday on heavy trading volume. The penny stock didn’t release any news to trigger this price movement. Price close at $11.51.
We will consider adjusting our trailing stop
We have executed a Global Trailing Stop Gap of $6.12