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Thursday, 29 March 2018

Funds Flow Analysis of Singapore Airlines: 29 March 2018, Thursday, 1.00am Singapore Time


Funds Flow Analysis of Singapore Airlines: 

29 March 2018, Thursday, 1.00am Singapore Time
(Click on FFA Chart above to Expand)

Attached above is the Funds Flow Analysis of Singapore Airlines (SIA). It has broken down symmetrical triangle and this could be expected beforehand since SIA had been a sellers' market since 2016 when oil prices started to bottom and go higher. High oil prices is generally not good for the airlines industry and certainly this could be seen in the funds flow on SIA. The technical breakdown of the symmetrical triangle does not bode well for the stock price.


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