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Home / Capital / Right Timing

Travel-related stocks SATS, SIA break out of key levels, taking STI to 5-month high

Right Timing

Travel-related stocks SATS, SIA break out of key levels, taking STI to 5-month high

The Edge Singapore Published on Fri, Nov 13, 2020 / 8:36 PM GMT+8

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Among the stocks that have moved above resistances and the 50- and 100-day moving averages is Singapore Airlines, which closed at $3.83, taking it above the top of a base area at $3.59 to $3.82. SIA rose to a high of $3.92 before easing. Ideally, support is at $3.82, implying that prices should push higher from current levels when trading resumes in the week of Nov 16-20. The break above $3.82 indicates an upside of $4.25.

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