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YUANTA SECURITIES (THAILAND) CO LTDYY

YUANTA SECURITIES (THAILAND) CO LTD

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SIA19 trade ideas

SIA: No catalyst for demandwww.tradingview.com SIA latest headlines: 1st June 20' - Majority of SIA directors chooses to let their rights mandatory convertible bonds (MCBs) lapse without exercising them, despite proposing the MCB rights issuance to shareholders as part of larger cash call in April. - SIA to reinstate certain flights in June & July, subject to regulatory approvals. Reinstated services include: Adelaide, Amsterdam, Auckland, Barcelona, Brisbane, Cebu, Copenhagen, Hong Kong, Medan, Melbourne and Osaka Daily Chart: Fib Retracement: Resistance at 3.96 (38.2%) and 4.08 (50%) levels remains to be tested Moving Averages: Price close at 3.88 above 14 Day SMA, against weekly price advance of approx 7% on light volume . (Bearish) CMF: - 0.21 as of 1st June. No major catalyst likely for demand fill anytime soon. (Bearish) Weekly Chart: MACD: MACD and signal lines at around -0.60, well below 0 break line. (Bearish) RSI: 28.80 as of 1 June 20'. Close to oversold territory (Value) Money Flow Index: 33.39. Neutral with downward bias to oversell. Personal take: Best to steer clear of this counter for the near future, no prizes to infer lack of institutional demand as per SIA director's actions as a proxy. Possible value when overselling enters it's final stages. 3.96 and 4.08 per share as resistance levels to watch going forward. Hope SIA will be able to take to the skies soon. Miss travelling!
SGX:C6L
by lau_boy96
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.
SShort
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)
S
by TraderMozo
SIA SGX Stock (Down Trend Since 2008)View On SIA (5 MAY 2020) Uncle Warren said, he has offloaded all the airline stocks under his portfolio. Upon looking at the SIA counter, it is already on the decline since 2008 and it may be already very near to the bottom. From the TA point of view, we are seeing $5 as a decent support level. The price may find it footing there and can launch some bullish swing back movement. If the swing back occurs, it can go to $6.6 - $7 region. Just be careful. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
S
by SonicDeejay
2
Head and Shoulders in Singapore Airlines This pattern is just as reliable at a bottom as at a top. The general rule of lower activity at bottoms is reflected the the Head and Shoulders Bottom . For this same reason, this bottom pattern is often longer and less broad, and the eventual breakout volume is often not as intense as on a Head and Shoulders Top. Overall, more demands are made on our patience. The forecast is not established until the neckline has been breached decisively, ideally by an appreciable pick up in volume. Yesterday produced an out of line movement which closed beyond the neckline. The forecast is therefore for a fairly quick completion of the pattern in the same direction. The 3% point is shown. This is the conservative recommendation given by Edwards and Magee for taking a position on breakout.
SLong
by Jonty1985