SIA Engineering: Dead Cat Bounce Completed?

Looks like the recent Dead Cat Bounce has completed for SIA Engineering after the stock price rejected 3 times at 200D SMA resistance (also the support turned resistance of the Symmetrical Triangle). In addition, there is also a Price Volume Divergence during this rebound. SIA Engineering shall continue to trade in a down trend channel towards the breakout price target of a Symmetrical Triangle of $4.43.

See previous stock chart analysis of SIA Engineering here.

SIA Engineering Mar12-2014

Leave a Reply