Singapore Airlines' Shares May Extend Recent Decline, Chart Shows -- Market Talk

Dow Jones04-17

0136 GMT - Singapore Airlines' shares may extend their recent decline, based on the technical chart, says Zane Aw, an analyst at Phillip Securities Research, in a commentary. The shares have broken out of a bearish-flag consolidation pattern to the downside following a series of lower highs, which is a bearish signal, the analyst says. Moving average convergence divergence and relative strength index indicators also support this bearish view, with fresh bearish crossover on MACD and decreasing momentum, the analyst says. The shares are likely to head lower to retest S$6.00, a prior horizontal support level seen in November, the analyst adds. SIA's shares are 0.5% higher at S$6.25. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 16, 2024 21:37 ET (01:37 GMT)

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The shares have broken ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6523","symbol_name":"ESG概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428030339","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428030339","pubTimestamp":1713317820,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0136 GMT - Singapore Airlines' shares may extend their recent decline, based on the technical chart, says Zane Aw, an analyst at Phillip Securities Research, in a commentary. 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