The price is currently quoted at 0.385 and is therefore in a large support range.Should this range hold, there is great potential to see another upward movement to the next larger resistance between 0.875 and 0.750. If the last high is reached at 0.625, the long-term downtrend is to be considered as broken. The RSI (14) indicator is coming out of the oversold territory and confirms the declining momentum of the current trend.
The MACD indicator is also about to cross. If the indicator additionally manages to cross the zero line, an upward movement is likely.Short-term oriented investors can speculate on a movement towards 0.625. In the Long Term, a break in the current trend should be waited for to minimize the risk. If the support level does not hold, no more investments should be made, because this means a continuation of the current downtrend.
Conclusion
In summary, Signature International Berhad is a company with potential. Its steady growth and good market position open up opportunities.
If the company manages to increase profits in the next fiscal year, the technical situation should also improve. Trades with fast profit hedges are possible at short notice. In the long term,
investors should wait for a turnaround.
Targets could be 0.625 and 0.750.
DISCLAIMER
This presentation solely meant for information purpose and does not constitute as investment advice. We may or We may not take the trade that we presented. All estimates, projections, forecasts, expressions of opinion and other subjective judgments contained in the presentation are based on assumptions that considered to be reasonable. We are not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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