Tuesday, March 27, 2012

SIGA Trade Idea (Long)

SIGA looks interesting here...

 SIGA saw a capitulation day and seems to have formed a decent base here and close to a breakout.

 Here's the resistance zone.

 The daily 3C chart looks good.

 The hourly trend down was in line and then put in several positive divergences with 1 negative which I suspect was used to accumulate shares at a lower price.

 The 15 min chat with accumulation before yesterday's run...

The 2 min chart showing the same and what looks to be a consolidation.

Risk management is a bit tough on this one because of yesterday's run, but maybe it may be worth a shot on a breakout move with a stop below today's intraday lows.

One to consider.

No comments: