Singapore Airlines (SIA)
The previous time we discussed on SIA was on 7 Feb 2012. On 6 Feb, the closing price was 10.80. Looking into a shorter period, to have a relative better risk reward ratio, the share price need to pullback to 10.30 - 10.40 region. We have also discussed on the prelim price objective of 11.02, followed by 11.240.
By 1 Mar 2012, it reached a high of 11.08 before paring its gain. By 24 May, it reached a low of 10.15 before having a rebound to 10.60 (28 May). It then pared its gain to reach a low of 10.06 (12 Jun) before rebounding back to 11.00.
As shown on the updated weekly chart, since late Nov 2011 onwards, SIA has been trending sideway with a high of 11.10 and low of 10.05. While it has closed above the Median ...
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