Stock with Momentum: Singapore Airlines

January 11, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we focus on Singapore Airlines Ltd (SGX: C6L), which price action suggests that the stock has regained its upside momentum.

Here is a look at some of the key highlights of the technical report.

  • Current Market Position: Singapore Airlines, with a last reported price of S$6.54, shows signs of ending its corrective wave, indicating the potential for an upward trajectory in its stock price.
  • Investment Details: The entry price points for investment are S$6.54, S$6.49, and S$6.12. Support levels are identified at S$6.37 and S$5.77, with a stop loss set at S$6.05. Key resistance levels are at S$7.32 and S$8.03.
  • Target Prices: The target prices are S$6.74, S$6.88, S$7.15, and S$7.32, suggesting potential profit margins for investors.
  • Company Overview: Singapore Airlines offers air transportation, engineering, pilot training, air charter, and tour wholesaling services. Its operations span across Asia, Europe, the Americas, the South West Pacific, and Africa.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Disclaimer in the report attached

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