After lying low for about almost 4 months, news of Pfizer covid19 vaccine being 90% successful led to a breakaway gap on strong volume. The stock looks on track for a recovery with 3.80 as the "resistence turned support". However, as there are lots of resistences on the way up, I would consider to scale out partially around 4.40-4.50, then trail the stops up for...
Technical Analysis Currently, $C6L is trading within a Descending Channel chart pattern, where it has been making a series of Lower Highs and Lower Lows since 23/3/2020. As of 6/10/2020, the price closed at $3.500, at an area within the Descending Channel. We notice that recently, on 23/9/2020, $C6L has made a Higher Low, with reference from the Low preceding it...
In this post, I will be going in detail with regards to my view of $C6L from a technical perspective. As of the time that I am writing this post, $C6L is trading at $3.560. I am fully aware that, right now, it may not be the best time to invest in the airline industry due to the uncertainties that surround it. We do not know when a vaccine will be developed, we...
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...