Sunday, December 27, 2015

SIA Engineering

SIA Engineering - 27th Dec 2015

SIA Engineering has bounced off from the low of $3.47 on 17th Dec 2015 and had managed to trend higher to close at $3.68 on 24th December 2015.
From TA point of view it seems to be a trend reversal as reflected from the chart with the current price staying above both 14SMA & 25SMA line. This is quite positive and may provide further catalyst to drive the share price higher.

Also both MACD & RSI are showing a positive divergence that may provide further indication for the price to move upwards.
Looking forward to see a breakout of $3.72 with good volume that may drive the share price higher towards $3.80 then $4.00 for short term bullish trend.
(trade/invest base on your own decision)

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