SGYP Bullish Weekly Seed Wave triggers above $4.70
SGYP has a daily bullish bat in progress but I also looked at the weekly and notice the higher market structure lows which is setting up a weekly seed wave on a price breakout through $4.70. This sets the upside targets on a second leg up at $5.28, $5.60 and $6.06 (the 1.27-1.618 fibs). There are many near-term fundamental catalysts: Paulson & Co. adding 3.2 million shares, top line e&s p3 results for placanatide due out possible this week at UBS Healthcare conference, acquisition spec and 18% short interest possible squeeze.
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