(Click on the Technical Chart Above to Expand)
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.