$SIA (C6L.SG)$ : Just my opinion and sharing only, not suita...
$SIA(C6L.SG$ : Just my opinion and sharing only, not suitable for trading. Please correct me, if I am wrong.
SIA face total passenger shut down in March 2020 for about 18 months or so, due to Covid-19, as such, it's share value had devalued from around $9.00 in Jan 2020 to as low as $3.20 in Aug 2020.
Therefore, my estimated 50% retracement is around $6.00. If I take Jan 2015 high of $12.91 for estimation, the 50% retracement would be around $8.00 in the coming months ahead. Not forgetting to factor in the 2 rights issues, which had diluted SIA shares. So we need to discount a bit. Unless, SIA intend to buy back shares in future.
Hopefully, no more new threatening virus resurface. If Covid-22 appear, then $3.20 may not even be sustainable. Because another world airline shut down, everyone on earth will suffer. I don't think all the world leaders would want to ground all the planes a second time round, unless there is a real necessity. Which we hope, it won't happen.
So far so good, no fatalities news from the new Omicron virus, besides it's fast infectious rate. Only then that, SIA, would have peace to progress from here.
As for now, if nothing threatening is found from the new Omicron virus, then the market fair value should be above $5.20. Good news is that it had found strong support around $4.76 to $4.80 area.
Finally, here is a word of caution, please trade within your means, and not overly exposed yourself. Else no one can help you. Be responsible for yourself. Do not blame others, or use strong words to hurt others, use polite and supportive words, instead. We are all human beings, we all have feelings, we all taking risk to earn a living.
Good luck and all the best to you guys.
Thank you.
Thank you.
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Money Maker 123 : 50% retracement of 6 still not worth to trade? now is only 5+.
明 Meng OP : Well, what I am trying to said here is that it should try $6.00 and later maybe $8.00 if SIA pay good dividend. And in the years ahead maybe beyond $10.00 if SIA prepare to buy back it's own shares. $6.00 is a very conservative figure, it should cross $6.00 without any problems. It is just my own opinion, but things may change along the way.