Not vested
Singapore Airlines ST: as long as 15.6 is support look for 16.9 <SIAL.SI>Click here to see our chart:
http://www.tradingcentral.com/chart/SIA ... 020237.gifOur pivot point is at 15.6.
Our preference: as long as 15.6 is support look for 16.9.
Alternative scenario: the downside breakout of 15.6 would call for 15.1 and 14.8.
Comment: the RSI is above 50. The MACD is below its signal line and positive.
The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (standing respectively at 15.79 and 15.6). Singapore Airlinesis currently trading near its 52 week high reached at 16.4 on 06/08/10.
Supports and resistances: 17.2 *16.9 **16.7 16 last 15.8 15.6 **15.1 *
Source: Reuters
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