What’s Happening to the Share Price of Site Group International Ltd?

What does Site Group International Limited Ltd do?

Site Group International Ltd [ASX:SIT] provides Australian accredited and employer customised vocational training to service global skills needs.

With a strategic geographic footprint in Australia and major training facilities in the Philippines and Myanmar, Site Group International provides training for individual and employer sponsored candidates into the Mining and Processing, Oil and Gas, and Construction industries.

In addition to facility based services, Site delivers on-site training throughout Australia and countries such as PNG, Indonesia, Singapore, China, UAE, Azerbaijan and others.

Anyway, what is the chart telling us?

What does the chart look like?

I find it helpful to bring up a chart. Here’s the daily chart of SIT.

SIT Chart

Source: STEX

Throughout February and March the stock continued to get more expensive, it then perhaps could have gone into a watch list.

What now for SIT shares?

A little down in today’s trading, however, one feels that there may be positive news to come from this company, in regard to improving revenues etcetera. We just have to wait and see.

This company is thinly traded though and you just have to apply the relevant risk management to that. You can get some more ideas on risk management and reading the charts here.

Terence Duffy,

Research Analyst, Cycles, Trends and Forecasts

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Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.

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