Quick update on SIA

This is a quick update to our last note on Singapore Airlines (SIA).

ATEC supposes there is no need to re-write details on the new Vaccine Travel Lanes announced last weekend.

Source: Bloomberg

From here, ATEC is watching if SIA can first take out its March highs of around S$5.73 or so before committing more capital.

If it so succeeds, then we can go ahead and project targets at around 138% Fibb (S$ 6.40 ish) and then 161.8% Fibb (S$6.80) next.

One day at a time. Good luck out there