Has been away awhile from here! Hope everyone is doing well in the stock market! Let's dive into our analysis on SIA C6L
Recent fall shows signs of volume supporting the price at the previous low in the 5 mins chart (yellow box).
With price moving slightly higher could be a sign of short term rebound is on the way.
Our trading method:
Taking advantage to...
Recent rebound in SIA shows multiple high volume in 5 mins chart yesterday with limited price up.
This indicates the big boys are churning at the high price to creates Fear-Of-Missing-Out to retail investors to place order in.
When there are enough buyers at the lower pricing, the big boys will start selling for profit taking.
Nothing much to say. If you don't know SIA, then forget this and move on.
If you know what SIA is, this opportunity should not be missed.
Amazing set-up , great risk reward.
Long term DOWNTREND SINCE 010908
Medium term UPTREND since 111021
Short term UPTREND since 311022
Singapore Airlines is 1 of 8 component stocks supporting the rise of the STI at the start of 2023.
The long signal for this recent run started on 311022 at the price of $5.21.
$7.00 is a significant target as it marked the start of last 7 year decline of the stock...
The long signal on the day charts at 5.29 on 180722 puts SIA on a multiple timeframe uptrend with a target of $7.05.
Long term REBOUND since 01 March 2021
Medium Term UPTREND since 11 Oct 2021
Short term REBOUND since 18 Jul 2022
PIVOT 5.17
Long positions above 5.17 for 7.05 and 8.68
Short positions below 5.17 for 4.96 and 3.98
SINGAPORE (May 6): Sunningdale Tech, the precision plastic manufacturer, reported 1Q2020 earnings of $2.4 million, up 205.3%.
Excluding the impact from foreign exchange, retrenchment costs, and other items, Sunningdale’s core net profit would have been $0.3 million for 1Q20, down 86.3% y-o-y.
SIA gapped up to hit an intraday high of 5.62 on 111021 and is now in a multiple timeframe uptrend.
Long Term BASEFORMING since 150321
Medium Term UPTREND since 111021
Short Term uptrend since 041021
PIVOT 5.22
long positions above 5.22 for 7.05 and 8.65
Short positions below 5.22 for 4.80 and 3.58
The short term charts are long $5.05 on the dailies on 041021 with a target of $5.72, the week supertrend resistance in the near term.
A break of $5.72 above will confirm the recovery bounce on the Monthly Charts that seeks to move back to $7.05, the break down level since 3rd August 2018 putting SIA into a 3 year downtrend.
Long Term BASEFORMING since...
Bias upside as Singapore open more vaccinated countries to travel.
Ascending triangle.
Break $5.20 may see $5.70 next.
Break below $4.79 will be otherwise.
Long Signal at $5.15 on 060721 holds valid as long as the daily supertrend pivot at $4.81 supports the range. The short signal on the weekly charts on 100521 at $4.77 will be negated if $5.72 is broken and held to the upside. A break of $5.72 will test $7.05, the breakdown level of SIA shares since 030815.
Long Term BASEFORMING since 150321
Medium Term...
Struggling airlines have always been the target of bottom picking from Traders; simply because "It's cheap now!"
But is the risk worth it?
There is a saying in the stock market "Buy Low, Sell High".
Sadly though, the reality is usually "Buy high, sell higher" or "Buy low, sell lower"
We have seen from examples such as Sembcorp Marine that traders who chose to...
The short signal on 150421 at $5.45 has reached its down side target at $4.88 and has now broken the weekly pivot support with a short at $4.77 on the medium term targeting $3.23 on the monthly pivot support.
LONG TERM BOUNCE SINCE 150321
MEDIUM TERM DOWNTREND SINCE 100521
SHORT TERM DOWNTREND SINCE 150421
Pivot $4.97
Short positions below 4.97 for 4.54 and...
![C6L: [Analysis] SIA, Too big to Fail?](https://s3.tradingview.com/a/A1KenrqC_mid.png "[Analysis] SIA, Too big to Fail?")
