RSI indicators: Singapore Airlines stock oversold
$SIA (C6L.SG)$ RSI(6), RSI(12) and RSI(24) indicators shown the stock is oversold and the trend is bullish. By using Moomoo app, you can see 11 out of 15 technical analysis indicators shown is bullish, 4 indicators are neutral and only one shown bearish.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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polite Unicorn_4369 : Extremely Oversold but BIG BOYS still trying to press down in order to accumulate.
wooper : can I inbox
you about this
CiaoBella SG polite Unicorn_4369 : from another point of view, they are trying to keep it low till announcement of Dividends. this way, more profits are guaranteed.
102718588 polite Unicorn_4369 : How can you know BBS are pressing down
ZnWC OP wooper : You can leave your comment here for all to learn.
Meng PaPa : Yes, underlying sentiment is super bullish. Hopefully, next year or 2 will see $12.
All the best to all.
Always Hungryy : 8 bullish signals on Friday. But today still flat.
polite Unicorn_4369 102718588 : Everything is good but prices keep falling.Why not you teach us how come fundamentals do not work here
ZnWC OP polite Unicorn_4369 : Beside fundamental, there are are macroeconomics factors which can affect market sentiment. I don't "teach" but we can share our views to learn from each other.
I think currently there are 2 macroeconomics factors that are pushing share price down (may be more) in short term. First is Singapore weak economy and second the US Fed announced one more round of rate hike by year end. Profit taking may be another reason for the price correction.