SIAPanjang
Long term trade aligned with technicals
The tailwinds are obvious - Singapore is gradually opening up to other countries. Airlines and travel industry is going to receive a lot of support (both consumer, government and businesses) and recover from covid eventually. Singapore Airlines is one the best international airlines in the world and is a safe long term play.
The stock price is consolidating with a triangle pattern and a bull flag formation. Coincidentally the next leg up is about the same length of the bull flag pole. Current price of $4.28 is a good entry price. Also has a good chance of breaking the weekly trend line at the top and return to pre covid levels to the 8s. This could be a slow gradual long term rally.
The stock price is consolidating with a triangle pattern and a bull flag formation. Coincidentally the next leg up is about the same length of the bull flag pole. Current price of $4.28 is a good entry price. Also has a good chance of breaking the weekly trend line at the top and return to pre covid levels to the 8s. This could be a slow gradual long term rally.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.