SIA Engineering ($4.89) — Poised to break below top

Although this counter has gained strength against the market, it is forming a top, which looks like a head-and-shoulders top. The neckline support coincides with the 100-day moving average at $4.92.

Quarterly momentum is in a declining trend, ADX has turned up and the DIs are negatively placed, suggesting that a breakdown is inevitable. If prices break below the neckline, the move would indicate a target of $4.50, taking the counter to below its 200-day moving average at $4.59. The only saving grace is the low volume.