LogMyTrade
LogMyTrade
Currency trader investing my daughter’s angpow money.
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$SINGAPORE AIRLINES LTD(C6L.SI)$  Following up from my post yesterday, it seems 6.50 is still holding out as a support area today. 6.50 is also around the the 61.8 Fibonacci retracement from the 7.3 high point. I'll be watching 6.9 which if it do come back up and above this area, then it is hopeful that this down move is just a corrective move. Otherwise if 6.5 is broken, I'll be looking at 6 where it acted as a good support twice (once in May and once in Nov) where it was hit and then moved convincingly to abive 7.3.
$SINGAPORE AIRLINES LTD(C6L.SI)$  Technically, on the daily chart, it definitely looks pretty bearish. If today's level can hold, it may rebound a little in the next few days. Otherwise, wait for $6 to see if it offers a good support.

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