SIA, Back to the Runway, Soon...?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..by BernardSeahUpdated 223
SIA - AnalysisSTOCK 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 and fro certain countries. SIA is such example being an aviation stock. The stock price has dipped to a critical zone (down 24% from end Jan' 20), but I believe that the zone may not hold, and price is likely to fall through, possibly reaching the indicated price support levels where we could see price rebound off. Price support 1: $4.84 (46% discount from end Jan' 20) Price support 2: $3.83 (58% discount from end Jan' 20)by TraderMozoUpdated 1
Short for the next 6 monthsFrom 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 your entry. Overall short-term bearish outlook.Shortby jmphua5
SIA SGX Stock (Down Trend Since 2008)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 swing back movement. If the swing back occurs, it can go to $6.6 - $7 region. Just be careful. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. by SonicDeejayUpdated 227
SGX SIA Shortstock 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 @ 5.76Shortby eh94
SIA time to short. This time it may be a downside. Dark cloud cover formation on Wednesday shows a clear indicator to short. Pennant formation more or less is confirmed. Shortby William-trading3
SGX:SIA - A very long descending triangleI dont like where SGX: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.by paper_valueUpdated 3
SIA another chance to LONGYet another chance to Long SIA SGX:C6L This is a long term trade. Enter if you have capitalLongby ForexTradingSchoolUpdated 0
Head and Shoulders in Singapore Airlines This pattern is just as reliable at a bottom as at a top. The general rule of lower activity at bottoms is reflected the the Head and Shoulders Bottom . For this same reason, this bottom pattern is often longer and less broad, and the eventual breakout volume is often not as intense as on a Head and Shoulders Top. Overall, more demands are made on our patience. The forecast is not established until the neckline has been breached decisively, ideally by an appreciable pick up in volume. Yesterday produced an out of line movement which closed beyond the neckline. The forecast is therefore for a fairly quick completion of the pattern in the same direction. The 3% point is shown. This is the conservative recommendation given by Edwards and Magee for taking a position on breakout. Longby Jonty19852
Singapore Airlines OutlookSingapore Airlines Is Looking Upside Till S$11 ->But there is gap today so I will move Till 9.60 -> Breakout above $10 will Move it for another 2 gaps filling till 11 ->10% upside is possibleLongby deepanshu4223
Singapore SIA Descending TriangleWeeky chart- I am neutral on this. Usually for a descending triangle it break support and go lower. But it isn't true, it sometime still does break resistance and go higher. We shall see in a 2-4 months times.by GavinTan4