SGHC Ltd

SGHC remains in a sustained uptrend, maintaining higher highs and higher lows while trading above the rising 200-day SMA. Short-term EMAs have crossed above the 50-day SMA, and price is holding just above these EMAs with constructive momentum and RSI below overbought levels. Pullbacks have occurred on lighter volume, suggesting healthy accumulation. Overall, medium-term structural bias is bullish, and the current pullback into the EMA zone offers a favorable entry.

• ↑Q2 revenue grew 18% YoY to $684M, reflecting World Cup surge
• ↑Adjusted EBITDA reached $204M with 30% margin, driven by disciplined cost control
• ↓Negative book-to-price suggests potential overvaluation relative to fundamentals