$SIA (C6L.SG)$ : We have not come to $5.50 since October 202...
$SIA(C6L.SG$ : We have not come to $5.50 since October 2021, and it has now become a psychological resistance. With the opening and easing of air travel restriction, it may break $5.50 again today. $6 shouldn't be any problem in the coming days ahead, but have to try the April 2021 high again at around $5.75 level. Be prepared for some correction along the way before trying $6. $6 is another psychological resistance before trying $7. A bit tough to break through today, as the buying today doesn't look as strong as the passed 2 trading days. However, I hope it can break $5.50 today. All the best to everybody in this chat group. 🥃🥃🥃
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tinymonster87 : Haha just hold ;) will be the best , we can never catch the peak or the bottom .. sia will be good to hold for long since air travel will be the norm again soon
明 MengOP tinymonster87: Yes, you right. There is a saying, the head and tail of a sugar cane cannot be eaten. The center potion is for consumption. Just like the bell curve theory that we have studied in school.
Razed 明 MengOP: I would say the risk reward ratio is good as the world is reopening
just hold on for this one
明 MengOP Razed: Hahaha! More good news come 31 March 2022.
Jam X tinymonster87: Yes this stock can hold for mid to long-term. Transportation stocks are the last to rise. SIA was able to turn good profit last quarter even with VTL restrictions. Plus SIA hedged fuel for many quarters at good price. They are in strong position to take advantage in the surge on air travel.
Those that sell now are going to miss out once the stock starts rocketing i believe.