Singapore Airlines (SIA): Watch the $11.00 Level

  • Post author:

Singapore Airlines (SIA) looks like dropping out from a mini up trend channel support after the recent poor earning announcement. MACD is weakening and the stock price is trading below 20D, 50D and 200D MA. Also take note that 20D MA starts to turn down.

SIA is still on the long term down trend as its 200D MA is sloping down on the daily chart. SIA is also trading just below 2W, 5W, 12W MA of the weekly chart.

Watch this $11.00 support level. Breaking below this support may send SIA down to $9.20 target price of the Head and Shoulders chart pattern. SIA may rebound from this support level but taking into the macro-economy into consideration where most of the corporate have started to impose international travel freeze,  the uncertainty in European debt crisis and the high level of oil price, I don’t see the any positive catalyst to proper SIA to the uptrend.

Continue ReadingSingapore Airlines (SIA): Watch the $11.00 Level

Singapore Airlines (SIA): Free Fall Starts Again?

  • Post author:

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.



Continue ReadingSingapore Airlines (SIA): Free Fall Starts Again?

Singapore Airlines (SIA): What is the Target Price?

  • Post author:

I must admit I made a big mistake by longing SIA recently. In order to remind myself not to make the same stupid mistakes again, I document down my mistakes here.

  1. Did not analyse the chart before I enter my position.
  2. Did not set my stop loss.
  3. Do not have a clear trading plan and just enter the trade by gut feel.

I am still wondering how can I make this fundamental stupid mistakes? Knock the Wall! If I have analysed the chart carefully, I should not have longed SIA at the first place! Knock the Wall again!

Singapore Airlines has formed a Head and Multiple Shoulders with neckline at about $12.11 which is also the important 61.8% Fibonacci Retracement Level. The breakdown of the neckline may send SIA to the target price of $9.20.

Haiz! Still don’t understand why I went to long SIA at $12.74……. and cut loss at $11.00 later. Maybe 7th month? Wooo…….

Slap myself left, right, up, down again! Knock the Wall!


Continue ReadingSingapore Airlines (SIA): What is the Target Price?