With more and more countries opening up Vaccinated Travel Lanes (VTL), I daresay that both SIA & SATS have now transited into somewhat of “momentum plays”. This may be the much-needed bullish reversal which both companies have been waiting for since the cancellation of the Travel Bubble between Singapore and Hong Kong.
In this article, I will be going in-depth into the technical indicators which I have observed for both SIA & SATS in the past 2 days and how I see their near-term trend moving forward.
What is a Momentum Play?
Personally, I define a momentum play as a “temporary period where the price action of a stock is more predictable due to impending catalyst“.
With technical analysis, we use historical patterns in the price action to identify patterns that may emerge in the future. It is never 100% guaranteed to succeed however it