𝐒𝐆 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐒𝐞𝐜𝐭𝐨𝐫 – 𝐇𝐨𝐰 𝐢𝐬 𝐒𝐈𝐀 𝐚𝐧𝐝 𝐒𝐀𝐓𝐒 𝐃𝐨𝐢𝐧𝐠? (𝐂𝐚𝐮𝐭𝐢𝐨𝐮𝐬 𝐟𝐨𝐫 𝐍𝐨𝐰!)

by michaelg August 11, 2020

Author: Trading Impossible | Joey Choy
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3 weeks back, I talked about both SIA and SATS in a video..

I mentioned that there could potentially be 𝐦𝐨𝐫𝐞 𝐖𝐄𝐀𝐊𝐍𝐄𝐒𝐒 and how it will take a while for this sector to recover from the current pandemic. 😷

Trend indicators were also looking weak in the mid to long term and there were some downside targets drawn. 📉📉

𝐒𝐞𝐥𝐥𝐞𝐫𝐬 𝐣𝐮𝐬𝐭 𝐬𝐞𝐞𝐦 𝐭𝐨 𝐛𝐞 𝐥𝐮𝐫𝐤𝐢𝐧𝐠 𝐚𝐫𝐨𝐮𝐧𝐝 and it was only a matter of time where they start to push prices lower. 😭

Hey Guys, Joey here, Top Tier Remisier in Phillip Securities.

Over the past 2 weeks, we have indeed more selling and SIA traded to an 𝐀𝐋𝐋 𝐓𝐈𝐌𝐄 𝐋𝐎𝐖 of about 3.20..

And then a 𝗥𝗘𝗕𝗢𝗨𝗡𝗗 SEEN…

So is the 𝐖𝐎𝐑𝐒𝐓 𝐑𝐄𝐀𝐋𝐋𝐘 𝐎𝐕𝐄𝐑 for the aviation sector?

What about 𝐒𝐀𝐓𝐒 that has also pushed lower from when we first covered it.. 😢

Well, watch this video recorded 11 August 2020 to see where we are NOW,

and WHAT are some of the key Levels which can determine if the downtrend is still intact 𝐈𝐅 we do stay below them.