Looks like the cup and handle that we thought SGI is creating will be a frying pan and handle. As the construction of the handle looks like a rectangle formation instead of a curve. Still this type of formation has a bullish bias. This usually appears during an uptrend as a “pause” before it will continue to rise.
Currently our price is at the mercy of its support line. This is a good chance to enter IF price will move up and break the resistance soon. But if this is the end of the road, then get out quickly as next support might be the next target of the bears which is around 2.17