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.