Is it time for us to buy Singapore Airlines shares?
@KYHBKO：
Is it a good time to buy the dip seen in $C6L.SI (Singapore Airlines). $新加坡航空公司(C6L.SI)$ As we move into an endemic world living with Covid19, we expect travel to resume gradually. Feb 2020 saw the stock falling from $8.50 to sub $4.00 (with $3.20 being the recent all-time low). 1 Day Chart (08 Mar 2022) Due to Ukraine, SIA remains on a drown trend as per the 1 Day chart attached. Let us exercise patience before we consider taking a LONG position. It is better to "wait and confirm reversal" than to catch a falling knife. I recommend a "buy after dip" (BAD) advice instead of the usual "buy the dip" (BTD). investing.com "strong sell" rating for Singapore Airlines (1 Day chart) - 09Mar22 Due to Ukraine, SIA remains on a drown trend as per the 1 Day chart attached. Let us exercise patience before we consider taking a LONG position. It is better to "wait and confirm reversal" than to catch a falling knife. I recommend a "buy after dip" (BAD) advice instead of the usual "buy the dip" (BTD). With restrictions on flights and airspace, there could still be disruptions ahead for the air travel industry. $4.75 would be a key range to monitor for support. As always, please let us do our due diligence before we invest. Let us check up on their financial fundamentals before we invest.
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