Is it time for us to buy Singapore Airlines shares?
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).
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).
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
I will never touch airline shares ! High Capex and very difficult for the business to scale