Since 8 Sep 2014, Sino Grandness (“SFGI”) has traded below its 200D exponential moving average (“EMA”). 14 months later, on 6 Nov 2015, it moved above its 200D EMA and stayed there for four trading days but slipped below it again. On 29 Dec 2015, it managed to breach its 200D EMA at $0.360 and closed above it. About 2.9m shares were transacted on that day which is more than a month’s high trading volume. This is a positive step.

Secondly, 21D EMA has just formed golden crosses with 50D EMA and 100D EMA. ADX has moved from 15.4 on 21 Dec to close at 23.7 on 31 Dec, indicative of a trend. OBV is near multi month highs but not at an all-time high.

Overall, based on Chart 1 below, the set-up is positive but we have to observe this coming week whether ...