C6L BUY/LONG 4.40 - 6.20! Market could fall back after this
Updated
TICKER CODE: C6L
Company Name: Singapore Airlines Ltd.
Industry: Passenger Airlines | Transportation/Logistics | Singapore
Technical Analysis
1. Large Pennant / Falling Wedge Pattern Brokeout and Retraced already
2. Large Head & Shoulders
3. Fibonacci Retracement at 0.786 ( Silver Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: Now Ready - 4.40 - 4.70 (The market could reach 4.40)
1st SAFE Partial Take Profit: 6.20
EXPECTED Take Profit in September - December
Company Name: Singapore Airlines Ltd.
Industry: Passenger Airlines | Transportation/Logistics | Singapore
Technical Analysis
1. Large Pennant / Falling Wedge Pattern Brokeout and Retraced already
2. Large Head & Shoulders
3. Fibonacci Retracement at 0.786 ( Silver Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: Now Ready - 4.40 - 4.70 (The market could reach 4.40)
1st SAFE Partial Take Profit: 6.20
EXPECTED Take Profit in September - December
Trade active
Do take note that based on news and the current situation in Singapore this Technical Analysis may not move in favor. However, as a pure TA trader I have opened my positions and will activate this trade.
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