paper_value

SGX:SIA - A very long descending triangle

SIA (SGX:C6L)  
paper_value Updated   
SGX:C6L   SIA
I dont like where C6L Singapore Airlines is heading. This is a very very very long descending triangle. SIA might have bottomed here or it might be facing tougher times ahead. I am leaning toward the latter and I would not catch a falling knife right now. Until there's a clearer picture, i would stay away.
Comment:

A very very loosely held target.
Comment:

Nearly there. Updated with another loose target.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.