Yesterday, SIGN advanced 8 sen to close at RM1.38. Save for an impressive set of 1Q14 results (released at end-Nov), there was little news to support yesterday’s spike in trading volume. Regardless, we note that a “Bullish Flag” has been confirmed as a result of the bullish move. This signals a continuation of SIGN’s prior uptrend, with the “Flagpole” measurement objective indicating a potential move towards RM1.88 next.
Source: Kenanga