Singapore Airlines (SIA) just break the suppport and drop out from a 3 months uptrend channel. All technical indicators like MACD, RSI, Stochastic, Bollinger Band, Parabolic SAR indicates bear is coming back for SIA again. What missing now is the volume. Will this be another free fall for SIA again?
Previous Singapore Airlines Head and Shoulder chart pattern and target price.
All 3 US Key Indices Dow Jones Industrial, S&P500 and NASDAQ Composite faced sell off in the last 30 mins of trading hour. This is not really unexpected because I am predicting the stock market will turn to bear again after the recent 3 days strong rally because they are hitting the resistance. Fasten your seat beat in the coming week because I am anticipating another Bear Flag, ie. another big sell off!
STX OSV has been in a very fierce selling off since breaking the neckline support of a head and shoulder pattern. Will STX OSV go below the IPO price of $0.79? If yes, what is the target price? Using Fibonacci Retracement is able to predict the next support below the IPO price:
Time will tell whether this Fibonacci Retracement works.
