Oct 21, 2015

Sign – MACD Buy Signal

SIGN Stock Code 7246

SIGN has experienced a two-week consolidation breakout above the RM2.37 level with improved volumes. The MACD Indicator has issued a “Buy” signal, while the RSI has hooked above 50. Price may rally towards the RM2.68 and RM2.89 levels. Support will be pegged around the RM2.26 level.

below: SIGN Daily Chart (click to enlarge)

sign chart analysis

by Malacca Securities Sdn Bhd 21/10/15

The principal business activities of the Group are in the design manufacture and retail of Kitchen Systems. The secondary business activities of the Group include:- Design manufacture and retail of Wardrobe Systems.- Marketing and distribution of Built-In-Kitchen Appliances and White Goods- Manufacture of glass and aluminium products.