Singapore Air warns of tougher days after 181% profit jump.
http://www.todayonline.com/singapore/singapore-air-warns-tougher-days-after-181-profit-jump
The stock broke the up-trend line after the financial result announcement as passenger yields declined to their lowest in more than six years in he first quarter.
Technically, the support for SIA is $10.89 and the next support is at $10.76.
It closed below the 100-day and 200-day Moving Average with high volume. Immediate resistance is at $11.04 and $11.13. The $11.20 resistance will be a strong resistance as it fails to break it for four trading days before the result announcement.
Currently there is a limited price upside for SIA.
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