Macro backdrop Airline stocks have reacted to the recent escalation of Iran–Israel conflict, as disruptions to Middle East airspace and flight routes have affected travel plans and operating conditions. In $SIA(C6L.SI)$ case, price pulled back sharply but has since found support around the $6.64 area — a recent spike low that reflects the initial market reaction. Technical structure Prior to the decline, SIA had been forming a cup-and-handle pattern. The “cup” represents a rounded base over time, followed by a shorter consolidation phase known as the “handle.” The recent sell-off brought price back toward the neckline area of this formation — effectively a retest of a previous breakout level. The base has developed over a relatively extended p