Hi,
Noobie here. Just to check whether can I draw my TA chart like this?
Is this called the flag or symmetrical triangle?
Though you may draw it like this, it is hard to trade.Hi,
Noobie here. Just to check whether can I draw my TA chart like this?
Is this called the flag or symmetrical triangle?
rather wait for direction since its still inside the triangle
Hi Milo, is this a reason not to buy SembMar?
I already hooted since the chairman is buying... but will cut if $1 breaks.
Dangerous lo... unless u mean u wanna short...
I would be prepared to sell if it can't break 1.05...
tiger, no strength to break the resistence, news out, and they seems bearish on next quarter, should drop to support in this case
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SINGAPORE, Jan 24 (Reuters) - Budget carrier Tiger Airways Holdings Ltd, one-third owned by Singapore Airlines Ltd, reported a third-quarter net profit of S$2 million ($1.6 million), the first time in seven quarters it made money.
Despite a boost from its Singapore business, Tiger expects its operating performance to be weaker in the fourth quarter and forecast an operating loss for the year to March 2013, said the carrier, which has associate airlines in Indonesia and the Philippines.
After taking charge in August, new Group Chief Executive Koay Peng Yen struck a deal to sell a stake in its loss-making Australian unit and entered into other partnerships, but faces a big challenge in a fiercely competitive Southeast Asian market.
"We are encouraged by the turnaround in this quarter," Koay said in the results statement on Thursday. "However, we are mindful that the September to December period is traditionally the strongest quarter for the air travel industry, and this has also contributed positively to our performance."
Budget airlines led by AirAsia Bhd and privately held Lion Air have placed massive aircraft orders as they bet on the region's expanding middle class demanding more air travel for years to come.
Tiger reported a third-quarter profit compared to a net loss of S$17.4 million a year earlier. Its nine-month loss contracted to S$30 million, from S$87.9 million a year earlier.
catalyst spotted..
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Tiger Airways Australia has not been put off taking on its potential future parent Virgin Australia with a decision to compete head to head between Sydney and Coffs Harbour from Feb-2013.
The Singapore-owned LCC is steadily rebuilding its franchise after safety regulators grounded the carrier for six weeks in an unprecedented move in Jul-2011. Since its relaunch in Aug-2011 Tiger Australia's aim has been to build a foundation it can expand from without compromising safety processes which led to the grounding, and eventually achieve so-far elusive profitability.
However, Tiger Australia’s fortunes received a major boost with the announcement in Oct-2012 that Virgin Australia would acquire 60% of the carrier, subject to regulatory approvals. While greatly levelling the playing field with Qantas – with its Jetstar LCC brand – the move could dramatically reshape the domestic network by removing a third competitor of any scale and returning the market to a duopoly between the Qantas and Virgin Australia groups.
Tiger Airways has announced five new destinations in 2012 – Cairns, Adelaide, Hobart, Mackay and Coffs Harbour.
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feb 7th is the hearing..
all eyes on the feb 7 cataylst
tiger, fallen out of the rectangle, next support should be at 66c, 63c.
i favor destination 63,
