SGMA - Potential Gap Play - Low FloaterSigmatron International Inc is an independent provider of electronic manufacturing services (EMS). It provides printed circuit board assemblies and completely assembled electronic products. In addition, it also provides automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; warehousing and distribution services. The company primarily serves the industrial electronics, consumer electronics, and medical sciences industries. It has two reportable segments as an independent provider of electronic manufacturing services ("EMS") and as a provider of products to pet technology ("Pet Tech"). Geographically, it derives a majority of its revenue from Mexico and also has a presence in China and Vietnam.
Disclaimer: The information provided here is for informational purposes only and is not intended as financial advice.
Investment Overview (As of 30/04/2024):
Shares in Float: 4.63 million shares
Technical Analysis:
Observation: This investment is primarily a technical play, characterized by a steady uptrend, gradually increasing trading volume, and the potential for a gap fill.
Critical Resistance Levels: Key resistance levels are observed at $5.20, $5.80, and $6.80. A break above these levels could indicate further upward momentum.
Trading Strategy:
Take Profit (TP): Aim to take profits at around $7.40 to optimize returns.
Stop Loss (SL): Set a stop loss at just below $3.90 to limit potential losses.
Chart Analysis:
Note: For a comprehensive visual analysis including price actions and trend lines, refer to the accompanying chart.
Trading Caution:
It is essential to trade with a strategy that suits your market understanding and personal risk tolerance. Always consider conducting your own research or consulting with a financial advisor before engaging in any trading activities.
