Binni Ong: SIA react to Iran–Israel Tensions but is still supported by a 3-year base
Airline stocks have reacted to the recent escalation of Iran–Israel conflict, as disruptions to Middle East airspace and flight routes have affected travel plans and operating conditions.
In SIA’s case, price pulled back sharply but appears to have found support above the $6.50 level. SGX Academy Trainer Binni Ong provides her analysis on the technical structure of SIA shares and the key entry and exit levels to watch out for in the short-term: https://warrants.com.sg/marketnews/highlight/todayhighlight/7834
*This article is sponsored by Macquarie Warrants Singapore. Binni’s views does not represent that of Macquarie’s
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