Singapore Airlines' Shares May Fall Further, Charts Show -- Market Talk

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Singapore Airlines' Shares May Fall Further, Charts Show -- Market Talk

Dow Jones01-09

0801 GMT - Singapore Airlines' shares may fall further, based on technical charts, says Zane Aw, technical analyst at Phillip Securities Research, in commentary. Recently, the share price fell through S$6.47, the level which it had previously breached on the upside, and broke below a rising wedge pattern within which it had been trading after pulling back from the pattern's resistance, Aw notes. The moving average convergence divergence indicator is showing bearish divergence with a bearish crossover, Aw says. The share price should decline toward initial support at S$6.00, which was the prior swing low formed in November, Aw adds. SIA's shares are 0.8% higher at S$6.44. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 09, 2024 03:01 ET (08:01 GMT)

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KTC8182
·01-10
Looks like it's going the opposite direction, as of 10Jan24...[Doubt]
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Recently, the share price fell through...</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":"SG9999013460.SGD","symbol_name":"LionGlobal Singapore Dividend Equity Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2402977424","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2402977424","pubTimestamp":1704787260,"columns":[],"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":"0801 GMT - Singapore Airlines' shares may fall further, based on technical charts, says Zane Aw, technical analyst at Phillip Securities Research, in commentary. 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