TigerAir has been forming a falling wedge formation since hitting $1.93 in November and found support at $1.79, a double bottom. It managed to rebound from $1.79 and hence completing the apex of the falling wedge. With both Stochastic and RSI indicating a rebound on the card, a breaking out of $1.83 with volume would be considered breaking out of the falling wedge formation. The estimated target for the breakout could be at $2.02 also gap covering where it created the gap between end of September and early October.
