SATS is closing in the price target of $2.57 after breakdown a Multiple Tops chart pattern. SATS is currently trading trading below 20D, 50D and 200D and the down trend may continue to $2.256 (61.8% Fibonacci Retracement Level). SATS may rebound at about 78.6% Fibonacci Retracement Support level before continue to down trend.
Visit Previous Post on SATS HERE.
Synear is currently Forming A Descending Triangle. The support is about $0.21 to $0.22 level. Synear is on long term down trend as the 200D MA is slooping down. Watch out for a breakout.
Singapore Airlines (SIA) has been in free fall mode after failing to break the 50D MA resistance thrice. The 1st failure to break the 50D MA resistance has sounded the 1st alarm. See previous post HERE.
SIA is currently on the down trend as the stock price is trading below 20D, 50D and 200D MA. SIA also break the 78.6% Fibonnaci Retracement Support level ($14.59) and is now heading towards the 61.8% Fibonacci Retracement Level at about $13.21. No clear sign when this crash landing can stop for SIA for the time being but should be around the 61.8% FR level.
