Monday, February 22, 2016

SIA: Bullish Ascending Triangle pattern spotted with breakout caught last week !!!!

Now at 11.59, can it touch our 11.75 first target as per call issued?

Sent: Thursday, 18 February, 2016 10:30 AM
Subject: ******************* SIA: Breakout seen above 11.25 level, Bullish Ascending Triangle pattern spotted...
SIA has broken above the 11.25 key resistance level that it has stayed below since July last year. This can potentially lead to a reversal back to it previous high at 11.75 then 12.20 next. Has been consolidating with support at 10.80 for more than 2 months and finally a move today on 2.5x of average volume. Ascending triangle pattern spotted with higher lows seen since August last year which can further solidify any upwards reversal.

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