Singapore Airlines (SIA): Forming a Right Shoulder

841
Thanks!
An error occurred!

SIA seems like forming a Right Shoulder. The neckline is at about $14.30 which is also 78.6% Fibonacci Retracement Support level. 20D, 50D and 200D MA are all congested at about $14.50 region. Breaking below the neckline will confirm a Head and Shoulder pattern and SIA may go down to $12.00.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>