SIGGAS

SIGGAS
Daily chart
Analysis
Looking at recent price action, on last friday, SIGGAS formed a morubozu candle, this suggest a strong present of buyer. This is supported by the high above average volume too. But, on 14th Sept, there was a gap down on the chart. To confirm price is bullish, this gap need to b closed. For the next few day, price expect to go to 1.10 level (at least) to close the gap.

A Fibonacci retracement on the historical range low/high suggest that price is currently start it upward move again after retraced to 50% level in Sept at about 88sen.
Last friday price action closed at 1.05 breakout the 38.2% fiboret resistance at rm 1 which now turn support. This move futher support that price have gone through correction n about to continue its prevailing trend, the obstacles will b to close the gap in September. Thus, the price need to move up to at least 1.10 this next few days to stay relevant.
Looking at all the indicators, its all positive, even the price move above both 12/26ema, except the 12ema yet to cross the 26ema.
Opinion.
SIGGAS last friday price action suggest that they are interest in this stock. Thus, pushed the price above its resistance at rm1 to closed at rm 1.05.
Immediate target would be at rm 1.10 n if this target/resistance broken its next target would b its previous high at 1.38
Support stand at 1.00/0.90