Tiger Airways has been trading below the 0.700 resistance for about 2 weeks since 5 March 2013. Was consolidating from 0.68 to 0.70 for the past 2 weeks (Just a small 2 cents range). Price now at 0.705. Has crossed above the immediate and psychological resistance at 0.700. Volume needs to be stronger and must stay above 0.700 for more upside momentum. As long as 0.700 remains as the new support level, short term upside to 0.73/ 0.74 region seems likely. Note that at this 0.705 price level, it has crossed above the 20 DAY MA, which is also a short term bullish signal. Recent high in Jan 13 was 0.785 fyi.
Stop loss at 0.69.
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