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C6L trade ideas

Long term trade aligned with technicalsThe tailwinds are obvious - Singapore is gradually opening up to other countries. Airlines and travel industry is going to receive a lot of support (both consumer, government and businesses) and recover from covid eventually. Singapore Airlines is one the best international airlines in the world and is a safe long term play. The stock price is consolidating with a triangle pattern and a bull flag formation. Coincidentally the next leg up is about the same length of the bull flag pole. Current price of $4.28 is a good entry price. Also has a good chance of breaking the weekly trend line at the top and return to pre covid levels to the $8s. This could be a slow gradual long term rally.
SGX:C6LLong
by trilliondollar
LONG SIA, reclaim of 200ma and bullish consolidationAs we can see, it has been in a prolonged downtrend since 2019 with the 20day ma acting as resistance for the 8 day ma. But alas, the 8day ma has reclaimed not only the 20day ma, but also the 200 day ma, and is now consolidating nicely. this is apart from the bullish divergences and hidden bullish divergences previously which fuelled the 200ma reclaim. The idea is a long so long as the 200ma holds. Stop loss should be a daily close below the MA to avoid stop hunting.
SGX:C6LLong
by charlielmao123
Is time on your side ?When we look at investment returns, we need to be clear on a few things ! 1. Timeline of investment - that means the time frame you are looking to make your returns on investment. Is it 1 year, 5 years or 20 years? So, when I asked this questions to many friends, they answered as a matter of fact - Of course, the sooner the better. Fair enough but how about the risks ? 2. RISKS - so if you want fast returns , can you also stomach the risks ? High returns and low risks in short time frame ? It does not make sense so if anyone offers you that, think thrice. Yes, I heard the people behind shouting they made millions in Cryptocurrency. For every one million made, multi millions are lost as well........... Thus, when we look at SIA chart for instance, we can potentially spot 3 likely secenarios - 1. last candle shows a doji pattern which means more buyers than sellers so a rebound is in sight. 2. move sideways 3. break down from the support and head down to close the gaps. Now, if you are a trader, then the above options become crucial information to you since you are likely to either buy or sell this counter at any one time. But, if you are a long term investor, then this short term price fluctuations will be less significant to you. Other good examples include BABA, Tencent, BAIDU, etc recent tumbling of share price. You have the fundamentals of the company to rely on or should I say, use it to assess its future performance. Therefore, you have a margin of safety over the short term traders in that sense. So, in short term, you may buy at current price and suffered paper loss should it tumbled down to 3.40 level. But, in the long run, you are more likely to make profits compared to the short term traders who go in and out of this stock. Their need to analyse the price action correctly becomes KEY in their decision making. Also, dun forget that even if it bounce up now , it can retreat just as quickly and we called this a false trap to attract the early bulls. There are so many ways the big boys can manipulate the chart if they want to. Unless you are privy to such information, the chart analysis will still have a certain % of errors especially in the shorter time frame. Someone who finally saved enough money and is now actively trading or investing in the stock market hoping to catch up for the "missed opportunities" in the past is more vulnerable compare to a young grad who has minimum capital . The latter has plenty of time to play catch up so long as he starts saving and contribute a portion to his investment pot. The compounding effect works to his favour over time! The senior may have larger capital base but he runs the risks as well if he blindly follows the trend to punt on cryptocurrency which had burnt one too many traders. Or he hopes to make faster returns with bigger position size. Now, all these are part of risk management and is extremely important that one understand well before placing a trade . I urge all to spend some time to understand your investment objectives, time frame of investment , size of capital allowed to invest, risk tolerance, etc before hurrying to place your trade or searching frantically for the next trade idea, be it currency, index, commodity or even shares of companies.
SGX:C6LLong
by dchua1969
Long term view of SIAI was bearish on travel and tourism related shares globally since my early posts on SIA, Cathay Pacific, Delta Airlines, Boeing , etc. Now, I am cautiously bullish on airline stocks and some related tourism stocks which I will cover them shortly. For SIA, it does not have the benefits like China where it not only recovers fast from Covid-19 but it has large domestic markets where the locals and travel from one province to another. Singapore is way too small for that ! It's survival depends on the global travellers from across the globe that come to Singapore for business and holidays. Read how bad its business has suffered this year ! But the government has recently announced travel bubble between Singapore and Hong Kong. Read article here And to see how much people want to travel, the tickets were sold out within a day !!!! Now ,the government is looking into forming travel bubble with South Korea, Japan and Thailand. With the school holidays coming soon and the excitement and relief that people are awaiting for the vaccine for Covid-19, this might help SIA share price to pick up much faster than expected. However, a word of caution, the global travel market is still weak and many logistic issues have yet to be sorted out - testing for Covid, visas application , if needed, and many more. Therefore, if you are keen to buy some shares of SIA, you are in some way, picking it up at bottom price. I am not certain if it will hit the 14 dollars peak in year 2000, that seems like a tall order. At 4 dollars now, I am considering it to hit 8 dollars in the next few years. My position size would be small for a start as I need to monitor the situation. There are other tourism related stocks that , imo that offers a better rate of returns.
SGX:C6LLong
by dchua1969
SIA - airlines on the recoveryAfter lying low for about almost 4 months, news of Pfizer covid19 vaccine being 90% successful led to a breakaway gap on strong volume. The stock looks on track for a recovery with 3.80 as the "resistence turned support". However, as there are lots of resistences on the way up, I would consider to scale out partially around 4.40-4.50, then trail the stops up for a possible eventual target of 5.00. I'll place an initial stop loss @ 3.74 as I do not expect this gap to be closed. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
SGX:C6LLong
by Juliac
$C6L Time To Load Up Shares On This National CarrierTechnical Analysis Currently, $C6L is trading within a Descending Channel chart pattern, where it has been making a series of Lower Highs and Lower Lows since 23/3/2020. As of 6/10/2020, the price closed at $3.500, at an area within the Descending Channel. We notice that recently, on 23/9/2020, $C6L has made a Higher Low, with reference from the Low preceding it on 4/8/2020. If we take a look at historical Higher Low formations within the current Descending Channel - where I have marked these points in dotted lines , we notice that every single time a Higher Low is formed, they will only form after touching the slope of Lower Highs, but never before . Not until 23/9/2020. You may be thinking now that this could be a sign that $C6L is about to make a new Lower Low again. However, I highly doubt that is the case. From a technical perspective, based on case precedents, whenever $C6L touches the slope of Lower Lows as seen on 23/3/2020 and 20/5/2020, without fail, $C6L will revisit the slope of Lower Highs. As such, the Lower Low of 4/8/2020 will likely be no exception. If we look at the Elliot Wave Principle, we are currently in a period of Corrective Trends A, B, and C. Dominant Trends 1 to 5 have already been formed during the period between 23/3/2020 and 4/8/2020; while Corrective Trends A and B have been formed on 25/8/2020 and 23/9/2020 respectively. As such, we are now likely in the midst of forming Corrective Wave C, which will bring $C6L up to a minimum of $3.990. In this sense, the premature Higher High would make sense and we are now just waiting for Corrective Wave C to be formed. If we look at the situation of Singapore Airlines (SIA) and the general gravity of COVID-19 in Singapore, it is looking fairly optimistic. On 5/10/2020, SIA announced that by end-December, it will reach about 15% of its pre-COVID-19 passenger capacity. Compared to the announcement preceding it on 2/9/2020, where SIA announced that they are looking at around 11% by end-November, this is an increase of 4% in projected passenger capacity within a month. On the COVID-19 aspect, the number of new cases daily has been fairly stable, where there has been an average of less than one to one new daily community cases and unlinked cases in the past 2 weeks. The Government is also looking to implement Phase 3, with details of Phase 3 to be released in the coming weeks. This signifies that overall, Singapore has been coping well with the COVID-19 situation. As such, based on all the factors mentioned, I have the conviction that Singapore Airlines will pull through this crisis and come out stronger. Entries, Price Targets, Stop Losses The best price for entries would be within the Loading Zone I have indicated in the graph between $3.310 and $3.510, which is near the converging point of the Symmetrical Triangle. The price target would be $3.990, the minimum price which Wave C will bring $C6L to. I expect this to take at least 1 to 2 months to reach. As such, this is a very long game that we are playing, but with a very good risk to reward ratio. If you don't have other stocks you are eyeing on as an investment and you have some excess cash in the bank, this is a decent company to invest into and check back once a month. Of course, I also have positions in this company from a few months back, at an average cost price of $3.652. I have held the stock to the lows of $3.200 and I have also held it to prices where I was seeing profits. I plan to continue holding it at least until $3.990 because my conviction that SIA will pull through this crisis is strong. My stop-loss for this particular analysis is $3.250, but personally, I am ready to hold it to $3.000. However, based on the current COVID-19 situation and SIA sentiment, it is rather unlikely that it will visit $3.000 without any serious COVID-19 situation deterioration. Disclaimer I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. If this post has helped you out in making your investment/trading decision, give it a huge thumbs up, and follow for more updates regarding this ticker symbol!
SGX:C6LLong
by UnknownUnicorn6361804
$C6L Swing Trade AnalysisIn this post, I will be going in detail with regards to my view of $C6L from a technical perspective. As of the time that I am writing this post, $C6L is trading at $3.560. I am fully aware that, right now, it may not be the best time to invest in the airline industry due to the uncertainties that surround it. We do not know when a vaccine will be developed, we do not know when a newly developed vaccine will be available for the masses, we do not know whether $C6L will be able to survive the crisis, we do not know whether there will be a new wave of COVID-19 infection, we do not know when international travel will resume, we do not know how long it will take before travelers overcome the fear of getting infected and start traveling in the future. I can write a whole list of reasons why investing in C6L, or any airline company right now is too early. As such, currently, I am bearish on $C6L as long as international traveling is not widely allowed and COVID-19 vaccines are not available for the masses yet. However, despite being aware of all of the above, I still have small positions in $C6L which averaged up to a cost price of $3.652. This is a very long term position that I entered with money that I am comfortable with losing. The reason I did so was that after doing my own due diligence, I strongly believe that $C6L will be able to pull through the COVID-19 crisis because of its strong fundamentals and the financial backing that Singapore provides to the company. Singapore will not let $C6L go under. Of course, this is a very speculative play on my part, so I hope that before you enter into a position into $C6L, think twice, and ensure that you are able to stomach the potential downside that any airline industry investment can bring during such an uncertain period. Technical Analysis I believed that I have broken down the technical aspect of $CCL's chart quite clearly in the candlestick chart above, but just to emphasis on a few things: 1. I strongly believe that if the support zone that I've marked with a star is breached + if everything else remains status quo, or possibly, gets worse, we will definitely revisit $3.200. If the situation remains the same or worse after the retest of $3.200, we will undoubtedly breach it and enter the $3.000 zone and beyond. As such, I believe that right now, we are at a very crucial level from a technical perspective. 2. This is similar to the first point, but I want to emphasize that the upside potential for $C6L is bleak. All, if not most of the movements towards the upside will be extremely dependent on the news releases. Furthermore, even if there are news releases that positively impact $C6L, the upward movement will not be sustainable unless the news is related to confirmation of vaccines being successfully developed and distributed, or if it is regarding a widespread resume of air travel. 3. I believe that currently, should COVID-19 eases and the demand for air travel rises, the fair value of $C6L will be somewhere between $5.500 to $6.000. So, if prices of $C6L push up, my profit target will be right around there. 4. Lastly, I believe that an optimal entry price will be whichever price that $C6L is at when news of vaccines is made available in Singapore (or when there is a news release with a similar impact scale-wise). However, there's also the saying that "Time in the market beats timing the market". As such, you can still enter a small position at the current market price and slowly average down/up; but that is provided that you are able to stomach the possible downside that has still yet to come. Disclaimer I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. If this post has helped you out in making your investment/trading decision, do it give it a like, and follow for more updates regarding this ticker symbol!
SGX:C6LLong
by UnknownUnicorn6361804
SIA - The New Normal of Airline TravelFlying will be a necessity for those who needed, it won't be fun and easy as before. A lot of cumbersome paperwork, travel approval, and COVID test is needed for international travel at the moment. As per a survey conducted by the IATA, while the overall booking for airline seats are down by 82% year on year in June 2020 compared to June 2019, the long-haul forward bookings for the first week in November 2020 are 59% below normal levels. Furthermore, unless SIA defers some of its aircraft deliveries, it is likely to require further funding in FY22. What's next for SIA?
SGX:C6L
by Inandouthunter
SIA - capitulated and on the slow path to recovery Bullish divergence formed as it made a new low on May 20th on high volume. The signs are clearer now that the low is in and going forward it should be making a slow recovery. Time to long this morning @ 4.20 +/- from with an initial stop loss below 4.10 (or even 4.00 thou I believe the latter is less likely now). Trail stops up as the trade develops on the upside scaling out partially at suggested Targets of 4.85, 5.15 and 5.60 etc (fibonacci retracement levels on the way up). Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
SGX:C6LLong
by Juliac