Blue skies for SIA?


Hey travel fans....is revenge travel fever finally over? Apparently from SIA chart, it may seem so in June 4 months back. It cracked below the 200 days moving average (DMA) last week when oil tested $100/bbl and before news of Hamas' attack. Despite much bad news it had climbed up above the 200 DMA line and 6.40 to 6.47 region could be a good entry point to accumulate. However do expect mild turbulence from market noises and parachute out if 6.20 breaks. With normalised traveling, SIA is quite a good counter to add into your portfolio! If travel fans are still not getting enough of revenge travel and still catching up with more countries to fly to, we better start considering booking some cheap airfares before the year end vacation starts.

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