Technicals of Singapore Airlines: 1 January 2021

   

Technicals of Singapore Airlines:

1 January 2021
(Click on the Technical Chart Above to Expand)

Attached is the Monthly Technicals of Singapore Airlines. A strong November rebound which had gone according to my anticipation was followed by a weak December stalling. This has forced me to relook and flipped me back to high bearishness on Singapore Airline share prices. The resistance in grey is likely to hold. The dead cat rebound support line in pink is like to break down. When it breaks, the blue line support at $1.90 needs to be tested. Region between pink and blue lines is a vacuum zone of sharp price action, in sync with how price actions execute when important support breaks. I expect this support to break down in 2021. I am back to bearishness on all airline companies.

The Donovan Norfolk Technical (SIA):
Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.  

Singapore Airlines (SIA): 18 May 2020, Monday

Singapore Airlines (SIA):

18 May 2020, Monday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Singapore Airlines (SIA), one of the top airlines in the world.
It gives a possible glimpse to the plight of all airlines in the world -- when the strongest in the world is in a bad state, the weak ones would be far worse. On 4th April 2020, when SIA was at $5.50 I had said that the stock was a straight sell as it was in an immensely high pressure selling zone. It is $3.90 now. However, the worst is not over yet. Based on technical price structure, the TP of the breakdown is $3.25 for consolidation. Consolidation means the market needs to decide at $3.25 if the situation clears from there. If yes, there will be a consolidation breakup for buying; if not, there will be a further consolidation breakdown for more down wave and selling. Conclusion: Blue words stated in T.A chart.

Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Singapore Airlines (SIA): 4 April 2020, Saturday, 11.00am Singapore Time

Singapore Airlines (SIA):

4 April 2020, Saturday, 11.00am Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Singapore Airlines, the top 3 airlines in the world.
It gives a possible glimpse to the plight of all airlines in this world. When the strongest in the world are in bad state, the weak ones would be worse. For Singapore Airlines' stock price action, the red zone at around $5.75 is where smarter monies would be very ready and eager to get out, sell or take shorts. It is an immensely high pressure selling zone. This zone had been tested repeatedly and has been proven successful. This means that the peak of escape wave can now be confirmed and the projection for next immediate target can now be confirmed. The next immediate target for Singapore Airlines would be $4.36. The bear flag is looking ready to execute the next slam dunk now.

Highly Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Singapore Airlines (SIA): 27 April 2018, Friday, 1.10am Singapore Time

Singapore Airlines (SIA): 

27 April 2018, Friday, 1.10am Singapore Time

(Click on Technical Chart above to Expand)

Attached is the Technicals for Singapore Airlines. The large symmetrical triangle with a triangular base measurement of X is expected to break down for a projection X in scale of down-move. At the same time, today American Airlines issues a reduced profit guidance. Of particular note is that the CEO of American Airlines highlighted that fuel prices had risen 12 percent in just two weeks and such an increase will have negative impact on airline companies' financials. He has spoken what many airline companies had been keeping quiet on. The same will happen for airline companies worldwide, including Singapore Airlines (SIA). Bearish on airline companies.

Donovan Norfolk Ang

Simultaneous Longs and Shorts Operations: CSE_Global Long coupled with Singapore Airlines Short: 16 April 2018, Monday, 1.01pm Singapore Time

Simultaneous Longs and Shorts Operations: 

CSE_Global Long coupled with Singapore Airlines Short: 

16 April 2018, Monday, 1.01pm Singapore Time

(Click on Technical Charts above to Expand)

Attached above are the Technicals of CSE Global and Singapore Airlines (SIA). I am conducting simultaneous longs and shorts operations -- Longs on CSE Global @0.415/0.420 and Shorts on Singapore Airlines (SIA) @10.730 concurrently. SIA Shorts being a hedge for CSE Longs in the equities market. 

Donovan Norfolk Ang

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.

Donovan Norfolk Ang