Nothing much to say. If you don't know SIA, then forget this and move on.
If you know what SIA is, this opportunity should not be missed.
Amazing set-up , great risk reward.
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One more fall and that "hopefully" should be it
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First positive sign
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Since this idea was generated on Sept 17 ' 20, prices has risen by 30%.
This is just the beginning of the long term rally. The short term rally is showing signs completing consolidation and price should make the last move up before they correct. Any corrections should be an opportunity to buy with updated SL for short term. Long Term stop loss still in place as Dividends are not yet available on SIA.
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Looking for a upward movement soon in SIA - with targets of 6.3x
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Looking for a breakout.. seems consolidation is coming to an end..
Operación cerrada: objetivo alcanzado
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It's been almost 6 months to my last update on SIA, but here it is with interesting news: I started tracking this in Sept of 2020. At that time, I started buying this stock at that time and gave my first target of $6.5 in March 2022. Since then it has been on track and it finally reached this target late last week/early this week. Many of you may co-relate it to the news article : bloomberg.com/ne...t-in-76-year-history but as I have always stated, market forces determine the price of stocks and not the news articles. This is a classic example of how technical studies about market sentiment helps to forecast the price range.
Hope you have enjoyed this trade. While over the long term, the prospects are good for this, however in the short term I expect to fall. As such, I am taking profits and waiting for a re-entry.