SIA closed today at $13.30 with a shooting star (Inverted Hammer) with increase in trading volume. The stock has broken below 20D and 50D MA support and other indicators like MACD, RSI, Stochastic Parabolic SAR, Bollinger Band showed weakness in the near term. SIA may retrace back to $12.10 (61.8% Fibonacci Retracement Level).
- Post author:Marubozu
- Post published:November 30, 2009
- Post category:Singapore Airlines (SIA)
- Post comments:0 Comments