Singapore airlines shares broke out on a short term on 020221 at $4.16 on the 4hr charts targeting the pivot at $5.46, the supertrend line on the monthly charts.
A break a above $5.46 may start a climb above the SSSB line on the monthly cloud formation, providing a base to build above $6.00 for the start of a new uptrend. The weekly close at $4.98 on 260221 provides some strength for a near term break of $5.46.
ST trend is up since 020221
MT trend is up since 161120
LT trend is down since 090298
PIVOT $4.51
Long positions above 4.51 target 5.46 and 8.34
Short positions below 4.51 target 4.43 and 3.87
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