Price is under bearish pressure and a re test of our sell entry present an opportunity to short the stock.
SIA stock might see and uptrend after breaking out of the falling wedge resistance. Might reach recent high if the momentum continues. The RSI also indicates oversold with RSI dipping to 30. Disclaimer: Not and advice to Sell or Buy!!
Flying will be a necessity for those who needed, it won't be fun and easy as before. A lot of cumbersome paperwork, travel approval, and COVID test is needed for international travel at the moment. As per a survey conducted by the IATA, while the overall booking for airline seats are down by 82% year on year in June 2020 compared to June 2019, the long-haul...
I'm not sure what happened on January 1, 1993, but on that day Singapore Airlines saw its first jump over the $3 range. Now trading at $3.53, I don't see the Republic of Singapore giving up on this flagship brand. Strong buy for long term. 2020 Q1 Earnings report may create a further dip on heading into the weekend.
Formed Convergence/Divergence LL/HL The price came out of oversold zone Prefer to buy, long term investment... The price will shoot up once the air travel boom JUST FOR IDEAS!! DISCLAIMER!! This is for general information purposes only. It is not investment advice or an inducement to trade.
Price is facing bearish pressure from our trend line, Ichimoku cloud where a break below our key support level could trigger a further drop to our take profit target.
Bullish divergence formed as it made a new low on May 20th on high volume. The signs are clearer now that the low is in and going forward it should be making a slow recovery. Time to long this morning @ 4.20 +/- from with an initial stop loss below 4.10 (or even 4.00 thou I believe the latter is less likely now). Trail stops up as the trade develops on the...
View On SIA (4 JUNE 2020) We are seeing a strong rebound in SIA for the past weeks and currently, it is at an important level of $4.30 region. This is the make (or) breaks regions and it is getting a little late to buy in. We may see some resistant at the region but as long as 3.65 is supported well, sooner or later we shall see $5 again DYODD, all the best...
www.tradingview.com SIA latest headlines: 1st June 20' - Majority of SIA directors chooses to let their rights mandatory convertible bonds (MCBs) lapse without exercising them, despite proposing the MCB rights issuance to shareholders as part of larger cash call in April. - SIA to reinstate certain flights in June & July, subject to regulatory approvals....
SIA, world no. 2 Airline according to Skytrax in 2019 saw its share price comes tumbling hard day by day. Read the latest news here . Will the SINGAPORE Government consider a bailout like what the other airlines are asking from their own government as well ? I have said that this Covid-19 serves as a serious wake up call for all of us, individuals and...
Did as thorough an Elliott Wave analysis as i could that doesn't break any rules and i concluded on this count, a massive WXY and hopefully the end of the correction and with SIA back on the runway. Stay Safe..
STOCK IN FOCUS: SIA The pandemic situation shocked many markets, and the impact seems to be just gaining traction in the West. The situation does not seem to be slowing down yet, and it will still take time for any recovery to the pre-virus phase. Aviation is definitely one hard-hit industry, with governments having travel advisories and even banning flights to...
From a fundamental view point, unlike other carriers which has domestic demand. SIA is entirely dependent on international demand for its revenue. The impending travel restrictions along with weak fundamentals post ex-rights might indicate this is a potential value trap. Area of Value may be somewhere around $2-2.25 to $2.5. But do your due diligence in timing...
View On SIA (5 MAY 2020) Uncle Warren said, he has offloaded all the airline stocks under his portfolio. Upon looking at the SIA counter, it is already on the decline since 2008 and it may be already very near to the bottom. From the TA point of view, we are seeing $5 as a decent support level. The price may find it footing there and can launch some bullish...
stock is in a sideway trend and in a narrowing channel. As the squeese progress, potential to break upwards or downwards. Short-term potential to short and downwards pressure is slightly strongly. Potential to enter long @ 5.99 with stop-loss @ 6.23 and profit taking @ 5.76
Dark cloud cover formation on Wednesday shows a clear indicator to short. Pennant formation more or less is confirmed.