The Definitive Guide to SIA Potential Buy

Good day, traders!

We're looking into a possible buy setup for $SINGAPORE AIRLINES LTD(C6L.SI)$ 

And this is why:

1.) The price has been in an ascending trend on the daily chart since the beginning of August 2020 to date.

2.) The price is about to move towards the 5.00 level, which corresponds to the 78.6% Fibonacci retracement line.

3.) There are equal lows at the 5.07 level, which adds confluence to the buy that I am looking for. There is also a market gap to be filled, which is why I bought at the 5.03 level.

4.) As the world accepts covid as the new norm and borders open, we can expect SIA's stock price to rise in the long run.

Does anyone have a similar bullish view?

Trade Entry recommendations:

Sell Entry: 5.03

Take Profit: 5.78

Stop Loss: 4.85

Other tickers to recommend:

For 5x Long Leverage: $SIA 5xLongSG230713(DTGW.SI)$ 

For 5x Short Leverage: $SIA 5xShortSG240306(DRBW.SI)$