Tiger Air: Technical Sell Call by UOB kay Hian with TP of $0.630. Note that an immediate resistance level appears at $0.74 for now as denoted by the top tweezer candlestick pattern. This is lower than the previous intraday high of $0.79 on Oct 11. The Stochastics indicator has
crossed below its signal line in the overbought region.
For those that have followed house BUY recommendation on 18 January (with 7% gains on closing prices), recommend take some profits off the table. Alternatively, investors may exit their shorts if prices move above S$0.76. House institutional research has a fundamental SELL with a TP of $0.59.
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