𝐒𝐆 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧: 𝐒𝐈𝐀, 𝐒𝐀𝐓𝐒, 𝐒𝐈𝐀 𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 | 𝐓𝐈𝐌𝐄 𝐓𝐎 𝐁𝐀𝐑𝐆𝐀𝐈𝐍 𝐇𝐔𝐍𝐓 𝐎𝐍 𝐎𝐌𝐈𝐂𝐑𝐎𝐍?

 

Over the past week, due to the emergence of the new Omicron variant, we have seen the aviation sector around the world hit again. 😷🛬

 

Singapore Airlines is definitely not spared with it breaking a key support level.

 

So where are we now and can it actually be a 𝐠𝐨𝐨𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐭𝐨 𝐛𝐚𝐫𝐠𝐚𝐢𝐧 𝐡𝐮𝐧𝐭 𝐨𝐧 𝐫𝐞𝐜𝐞𝐧𝐭 𝐰𝐞𝐚𝐤𝐧𝐞𝐬𝐬?

 

 

Joey here, Top Tier Remisier and trader in Phillip Securities.

 

Watch this video as I dive into the charts of 𝐒𝐈𝐀 𝐚𝐧𝐝 𝟐 𝐦𝐨𝐫𝐞 𝐨𝐭𝐡𝐞𝐫 𝐒𝐆 𝐚𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐬𝐭𝐨𝐜𝐤𝐬 and how recent weakness can actually be an opportunity especially if we near certain areas of value.. 👀✌️

 

We are approaching some of those good support levels that have been holding since 6 months back and where we have seen multiple rebounds..

 

Watch here >> https://youtu.be/aPU2T_UniKw

 

 

 

Check out what they are and how you can think about getting in again on dips to catch the potential recovery just like what we have seen after Delta variant in May...

SIA Engineering: Nearing downside target, worst may not be over! Price 2.41

Following up from blog post about 3 weeks back, http://singaporetradinginsights.blogspot.com/2018/11/sia-engineering-target-hit-may-be.html

We have seen some consolidation in SIA Engineering around the 2.50 level…

Some short covering seen after the heavy sell down but buyers were just not able to push it back up firmly…

See the targets that were revealed then again below…

Towards the 2.40 level before it plays out…

Over the past few day, we have witnessed more weakness when the market sold off we are indeed down to the target seen…

Some support seen at 2.40 for now where buyers are doing some short covering…

But DOWNSIDE target can be revised lower on more bearish price action…

In previous post, it was also mentioned that the system had some bearish signals….cautious…

So the question is, is it still there??

Yes, there are still no exits… shhhhhh

that’s all I can say….

PTI grads can check it out and will know why…!

See below what has played out so far when first covered last month…

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SIA Engineering: Target hit! May be breaking down lower again... cautious. Price 2.57

Over the past week, we have seen some bearish actions with SIA Engineering breaking the 2.80 support that has been holding for more than a month..

Sellers started to come back and some downside targets were drawn…

We have indeed seen more selling and target has been hit but seems like sellers are not letting go..

Targets has been revised lower with 2.60 breaking too with downtrend intact for now.….

See what we saw over the past few days again as the downside continued to play out…

On the PTI System, we actually had some Bearish signals…

Just before the selling started…

Still no exits as of now…

More for shorts… cautious if holding long…

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