In a similar situation, SAPRES advanced 7.5 sen to 74.5 sen after the company announced a special dividend of 6.68 sen. The market reacted positively to the news, and the bullish move had created a gap-up on the daily chart. The share price has also crossed above all three SMAs (20-, 50- and 100-day SMA) and we reckon that this could be an early sign that the downtrend may be coming to an end. Indicator-wise, the MACD is showing signs of bullish divergence, and this means that the overall selling pressure is waning. We expect the share price to have marked a bottom at 60 sen, and strong support should also exist at the “Window Gap” of 70 sen. Meanwhile, bias remains to the upside, and should the 75 sen resistance (23.6% Fibonacci Retracement Level) be taken out today, further gains would then be expected towards 84 sen and 91 sen next.