SIA - I Saw 2 Profit Taking

SIA started to show signs of fatigue yesterday. The stock ran up but met with sellers and they were selling shares. 2 profit taking were observed and luckily, my guy student sold at the peak before you see the selling today. Click below link to see his trade record.

http://stockmarketmindgames.blogspot.com/2020/06/sia-but-low-sell-high.html

It's important to buy low sell high so that the risk is minimized a lot while profits can escalate. In this case for SIA, the stock shot up, touched the supply zone and came down. The most important thing was profits were made near peak so that one doesn't need to suffer reactions. The Top 30 Volume is flashing SIA on declining prices. Be careful!

Ronald K - Market Psychologist - A Stock Market Opportunist

SIA - Buy Low, Sell High

As I mentioned on my yesterday's post that my student is swinging the wave up for SIA, today the stock just shot up another 8% earlier. After my google meet session last week, he practiced what I taught him on swinging and managed to now reap a profit of $1260 in SIA. See my SIA blog post for yesterday.

http://stockmarketmindgames.blogspot.com/2020/06/sia-swinging-wave-up.html

Now, I am going to get him to sell and take profits today because there was some profit taking observed. He managed to buy low $3.76 and sell high at $4.39. So I used Google Meet last week to drove some participants to make profits. Are you interested to join my Google Meet session if I do conduct one?

http://stockmarketmindgames.blogspot.com/2020/05/google-meet-meeting-with-102.html

Ronald K - Market Psychologist - A Stock Market Opportunist

SIA - Swinging The Wave Up

SIA started to trend higher for the past few days. Buyers came in and the stock move higher because the stock touched the demand zone. One of my student bought SIA at $3.76 at the bottom and he's swinging it until now with $680 profits as the closing for SIA was $4.10. Great job spotting the bottom and good profits at the moment. The SIA chart was one of the easiest to read chart with some great signals. Looking forward to see more profits soon!

Ronald K - Market Psychologist - A Stock Market Opportunist

SIA - Bailout Soon?

SIA shares continue to be battered down today and as per all my SIA posts since last week and this week, the stock continued to slumber down heavy with sellers selling instead of buyers turning the situation around. Click below to read ll my SIA posts.

http://stockmarketmindgames.blogspot.com/search/label/sia

The airline industry is currently very bad and in the coming months, there will be more jobs cut and more operational losses in the pipeline. It will take months to years before the whole industry can recover again. Now it prompts to one question looking at the price of SIA now, will the government bail SIA out just like NOL, SMRT etc?

Ronald K - Market Psychologist - A Stock Market Opportunist

SIA - What's Happening Now?

SIA never tried to run today but it's also expected because SIA posted it's net loss yesterday after market hours. Click and read the news below.

https://www.channelnewsasia.com/news/business/singapore-airlines-sia-q4-full-year-results-covid-19-coronavirus-12732134

I think the sell down yesterday has already factored in the loss but more importantly at this juncture, the stock looks like it wants to find a grounding foot but requires some time. It's jammed there not moving and all 3 instruments are still trading in the Top 30 Volume. Is it time for buy SIA now? I can't answer you but the stock tried to rebound just a little today with lack of strength. I would remain cautious instead and give it some time for the right signals to appear first before deciding. This Coronavirus had made a huge impact on the airline industry and it continues to hurt the economy. When the signals formed and it turned obvious, that's where one would have a firmer answer.

Follow me in Instagram to get more LIVE stock picks and updates.

https://www.instagram.com/ronaldkstockmarket/

Ronald K - Market Psychologist - A Stock Market Opportunist

SIA - Got Much Worse Today

The SG market sold down today as more and more sellers are emerging and the selling shoudl intensified soon. SIA being the weakest stock at the moment just continue to sell down as the stock gap down today even further. More jobs in the airlines will be lost and more salaries shall be cut. We used to think that blue chips like this would never have such things happened, but the unexpected just happened and I am sure more bad days ahead for the airline industry. Results coming out for SIA after market today, so becareful for those who are holding.

SIA gap down lower today after my blog post yesterday. The SIA MCB and the SIA Rights continue to tumbled big time today and looks big value. The MCB crashed 80% while the Rights tumbled 30%. The more share dropped 6.5% and it's really a junk stock in my personal view. More troubles spell ahead and this is a stock I won't be buying even though it's cheap because the cheap might go cheaper. Be careful of your investments.

For more insights and LIVE videos, follow me in my Instagram account on the below link.

https://www.instagram.com/ronaldkstockmarket/

Ronald K - Market Psychologist - A Stock Market Opportunist

SIA - Rights Trading Now

SIA is a big conglomerate once upon a time and to see if suffer to it's state today is really painstaking. It used to be a darling in the SG market where stock prices soared and rising prices attract more investors but today with the rights issue, new debts, the Mandatory Convertible Bonds and with the company issuing more shares as it dilute the current shares, it's just really telling you a story that this counter won't be an investment counter anymore but more on the trading side.

One Covid-19 is enough to cause a good company to a debt company is something unheard of. I studied the daily chart where I saw there was a good green bar breakout which looked like a bull trap to catch the buyers last week where indeed, the sellers sold and it simmered off with the stock gaping down today. The MCB Rights, the Mother share and the Rights itself is currently trading now in the Top 30 Volume now is something unseen for most of the stocks but it just happened to SIA now. I will only trade SIA if necessary as there are better counters now instead.

Get more LIVE Video updates in my Instagram on the link below.

https://www.instagram.com/ronaldkstockmarket/

Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Airlines - Profited $1400

Just received this trade record from a student. $1400 contra profits trading SIA. The stock hit a demand zone and turned up. Not the easiest stock to trade but I got gratification seeing records like this because I know the skills I taught is correct on finding the right stock and trading it. I studied the chart myself, it's not bad, but pretty flushy. SIA continued to run today and congrats on the win!

Ronald K - Market Psychologist - A Stock Market Opportunist

SIA - Moving under the Radar

SIA just rebounded from the bottom and it's moving in the background under the radar. From the chart, it looks like the supply is tired out and fresh demand just kicked in to support the price at the bottom. Although it rebounded, the signal to go long was not clear and it's hard to click the buy button at the bottom. Will be monitoring how far this stock can fly.

Update: 14/8/2018, 5:37pm

Towards end of day, the stock suffered some 10 cents drop with a heavy blow. Rule #1, never chase at breakouts!

Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Heavy Selling

Heavy selling and huge amount of sellers spotted in the STI when it opened earlier. There were some short covering but still the sellers were persistent. As highlighted in my last night's post that the market would experience selling first, it is now currently happening LIVE. The gap down was with high volume of selling and there were some buy ups but not strong.

https://stockmarketmindgames.blogspot.com/2018/05/singapore-straits-times-index-selling.html

Pleased to see some good shorts on blue chips like SIA on Monday. Most stocks dropped today and congrats on your shorts and locking in profits!



Ronald K - Market Psychologist - A Stock Market Opportunist

SIA - $510 Profits in 1 Contra Day

Received my student's trade record for SIA. I am once again delighted to see results after results after using the strategies I taught in my program on Singapore stocks. Yzj, SIA, DBS are all in the $$ and it's good to end the week with a $1000+ profits. Shorted 3 lots of SIA @ 10.72 and cover shorts at 10.55 in 1 Contra day is indeed remarkable for a short term trader. Looking forward to help and coach more students. :) Congrats!!!



Ronald K - Market Psychologist - A Stock Market Opportunist

SIA's takeover bid for Tiger: 77.48% shareholding garnered

SIA revised it's take over price for Tigerair @ 0.455 which was a overnight sensational. This past 2 days had been really volatile and crazy. First the China crashed 7%, followed by Terratech's overnight trading halt and then on the very same night, another good news was released for Tigerair. More on Tiger news can be found here.

http://sgx.i3investor.com/servlets/fdnews/56966.jsp

STOCK OPERATION WORKSHOP

Workshop Date: 5th Jan 2016,Time: 7:00pm to 9:00pm

Venue: I will instruct you in the form of email

Contact Ronald K at stockmarketmindgames@gmail.com with the following details.

Subject: Attending Ronald K "The Stock Operation Workshop"

Contents: Name, e-mail address and mobile number.

picture source: i3investor

Ronald K - Market Psychologist - A Stock Market Opportunist

SIA - Profit Taking in Place

In the daily chart of SIA, there is currently profit taking in place. However in the minute charts, there was profit taking a few days back where all the hidden unloading happened there. If you are a swing trader, then use the daily chart. However if you are a short term trader, then the minute chart has tell tale signals to tell you that profit taking and distribution took place before we see a 0.4cent drop today!

Ronald K - Market Psychologist - The Big Speculator

SIA - Did Anyone Shorted?

Did anyone shorted SIA today? This stock is weaker than the general market and warrants a short sell. I was looking for BB's activity to support this counter, however I did not see any. Since the buying was mostly short covering and public buying because most people thought it was cheap, there is no way that this stock could trend higher without any major support to lift this counter. We shall see!

Update August 16th, 2011 11:23AM

Made a small losses, I am still looking to short this counter but now I would rather wait for a turn and short with the BBs. They have not shown up yet.

Ronald K