SIA TA Chart – 09/10/2008 (blood bath!)
It is of little wonder why many people have that sinking feeling in their stomachs in the recent days. Investor pessimism has increased dramatically.
Given the last post on my TA on SIA, since the support has been broken, the stock will continue on its downtrend. But I would never expected it to drop so badly. The next day after support has been broken, it rebounded to the support level @ $13.9 before dropping below the opening price. And yesterday, it gapped down lower and lost $1 in its share price.
From here, it gets very hard to chart because investors are too panicky. Probably anyone who is interested in investing in SIA shares ought to stay out till a support is firm established and the resistance tested again.
