Get started
Keppel - Potential Ascending WedgeHi folks, based on the TA of this counter, it appears that this counter is on ascending wedge. The targets of possible downtrend is indication when MA50 (purple) line is encounter. TA will be invalid if it breaks higher than the drawn wedge boundary. The support level is highlighted as red horizontal bar. If it break the lower of the possible support level at 4.82, it will dive further down. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
SGX:BN4Long
by Smartis
World no 2 Airline share price crashed !!!SIA, world no. 2 Airline according to Skytrax in 2019 saw its share price comes tumbling hard day by day. Read the latest news here . Will the SINGAPORE Government consider a bailout like what the other airlines are asking from their own government as well ? I have said that this Covid-19 serves as a serious wake up call for all of us, individuals and businesses. In tourism, many hospitality firms that depend on a concentrated nationality like China saw their business plummet 90 over percent and many have declared bankrupt . Never mind the experts, politicians have differing views about when we can see a turnaround for Covid-19, some say in April , others claim in June. We need to be mentally prepared. The loss of job, income, family disruption and inconvenience has to be accepted and one has to find ways to adapt as fast as possible. Nobody says it is going to be easy but rather than complain and find fault with whoever, whatever that causes this , it is wiser to find more additional sources of income as one would need more of it , especially in this pandemic now. This airlines may have a lifeline thrown to them by the Government or some Aviation association since they are so big and too big to fail (i think). But we cannot say the same for an individual family, anywhere in the world. Life still have to go on and the faster we accept it, be socially responsible when we are going out (wearing mask, using sanitiser) and keeping a safe distance, the lower chance of us contracting this Covid-19. Take this opportunity to learn as much as possible about trading (if this is your cup of tea) or any other money - making ideas you have. Spring is here, a season for sowing. So, let's sow our good seeds of love, compassion, diligence and joy into our lives and in due course, when the time for harvest comes, we can reap a bountiful one and share with more people.
SGX:C6LShort
by dchua1969
9
SIA - AnalysisSTOCK IN FOCUS: SIA The pandemic situation shocked many markets, and the impact seems to be just gaining traction in the West. The situation does not seem to be slowing down yet, and it will still take time for any recovery to the pre-virus phase. Aviation is definitely one hard-hit industry, with governments having travel advisories and even banning flights to and fro certain countries. SIA is such example being an aviation stock. The stock price has dipped to a critical zone (down 24% from end Jan' 20), but I believe that the zone may not hold, and price is likely to fall through, possibly reaching the indicated price support levels where we could see price rebound off. Price support 1: $4.84 (46% discount from end Jan' 20) Price support 2: $3.83 (58% discount from end Jan' 20)
SGX:C6L
by TraderMozo