Singapore Airlines (SIA) was the best performing stock in our portfolio (see Tong’s Portfolio), rising some 10% week-on-week during the period of Feb 26 to March 3. Technically, there are reasons for SIA’s price surge. Its share price broke out of a multi-month base formation in the last week of Feb, around Feb 24. At the same time, prices broke out of a six-times tested resistance, on a notable expansion in volume.

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