Tiger Air had a takeover news back on Nov 6th 2015. The stock obviously gap up heavily to the takeover price at 41 cents. I am not so interested in the take over news but more importantly I am particularly more interested on how to deduce the take over news in the chart before it happens.
Studying the chart carefully, it was pretty hard to deduce but that one obvious breakout bar as circled in the diagram could be the answer. Tiger Air had no obvious breakout bar until on 5th Nov where the open low close high bar was as obvious as it seems. The next day, the news was released and the rest was history. As of now, no more trading this counter and it's time to search for the next good stock.
source: http://centreforaviation.com/analysis/singapore-airlines-proposed-takeover-of-tigerair-a-scene-changing-strategic-move-for-the-sia-group-252358
Ronald K - Market Psychologist - A Stock Market Opportunist
