Can we use this to our advantage?
By Mid-May we should see this poke below $6.00, at which point we will know that it's likely headed to it's confirmed of $5.40.
Once it bounces off of that and the daily / weekly trend reverses, we can probably expect a ride back to $6.40-$6.60.
Once that peak gets shorted, we'll likely see this 'W' formation continue and attempt to hit it's one more time, before the date nears, investors pump it up expecting positive revenue and EPS , only to be disappointed and sell-off shortly after.
We'll know more about where SIGM is at in the upcoming month, hopefully some news is released that allows us to speculate a change or lack of, in their revenue numbers.
I'll post new charts when we near the .
Thanks for reading, happy trading!