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Asia Tiger Group Ltd forms bullish "Symmetrical Continuation Triangle" chart pattern

Asia Tiger Group Ltd forms bullish "Symmetrical Continuation Triangle" chart pattern

A "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Asia Tiger Group Ltd (Singapore Exchange Securities Trading Limited). This bullish signal indicates that the price may rise from the close of 0.34 to the range of 0.45 - 0.47. The pattern formed over 30 days which is roughly the period of time in which the target price range may be achieved. Asia Tiger Group Ltd has a current support price of $0.33 and a resistance level of $0.36.

A Symmetrical Continuation Triangle (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. The formation occurs because prices are reaching both lower highs and higher lows. The technical event occurs when the price breaks out of the triangle formation to close above the upper (descending) trendline, thereby confirming the pattern.