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.
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Ronald K - Market Psychologist - A Stock Market Opportunist
