July 21, TA for Tiger

• Trend - Downtrend
• Momentum - upward moderate
• Support - 1.00
• Resistance - 1.11
• Candlestick - 1x white soldier
• Volume - 2.5x

I would like to call it an "Awakening Tiger", surge 13.5% within one day with no news whatsoever. Is this another insider trading leakage? Or a technical rebound which is supposed to happen now? I would put this into my SHORT list if it is near 1.19.

News to share,

SINGAPORE (Dow Jones)--Singapore's stock exchange Wednesday asked Tiger Airways Holdings Ltd. (J7X.SG) to explain a "substantial increase" in the low-cost carrier's share price.

Tiger's shares surged 13.5% to close at S$1.135 Wednesday, rebounding from a recent slump that was caused by the July 2 decision by Australia's aviation safety regulators to ground the airline.

The counter fell 16% on July 4, its first trading day after the Civil Aviation Safety Authority imposed the flight ban. Regulators had said Tiger's Australia operations posed "serious and imminent risk to air safety" after it failed to address concerns about pilot training and maintenance raised in March.

In a statement Wednesday, Singapore Exchange asked Tiger to immediately offer possible explanations, including disclosing any previously unannounced information that may have triggered the price movement.

A spokesman acting for Tiger didn't immediately offer a comment.

Some analysts had tipped the airline's shares to gain in a technical move. "We believe that the stock could be ready for the next move higher" based on charts, CIMB said in a note earlier Wednesday. "The high trading volume recently also suggests a possible selling climax."

Tiger's "rebound rally is likely to take prices to close the gap at S$1.19 in the near term followed by a test of S$1.55 in the coming months," the house added.

The airline had said it was set lose about S$2 million a week during the suspension of its Australia operations.

CASA last week said it aims to lift the suspension on Aug. 1.