Sigma Labs Inc (SASI)

[crook717]

On the lighter side of things, technical are strengthening and looking ok. Need to hold here and climb the lower trend line back up to 0.118. If that happens, then the wedge will be slightly bullish again and maybe salvageable. But your looking at least 3-4 trading sessions for that confirmation.

The bad...right now, as of this moment, the upper trend line is at 0.12, while the lower is at 0.113. Point is, stock is trading at the low end of the wedge rather than top end and is at a greater risk of breaking back down.

Fortunately, the indicators such as RSI, Stochastic are all positive now, MACD is neutral to slightly negative.

In summary, first thing to look for is if we can get back to the 0.118 mark.

As always, PR and significant news events always trump technical.