Friday, February 13, 2026

SIA - 13 Feb 2026

Singapore Airlines Ltd. (SGX: C6L) — 1D

Date range shown: ~Jun 2025 → 13 Feb 2026
Last traded price (close): 6.96 (H 6.98 / L 6.87)
Visible swing range: Low 6.23 → High 7.63

1) Current Market Regime (MOST IMPORTANT)

Transition → Trend (Bullish)

This is no longer a range.

C6L has shifted from a multi-month base / re-accumulation into a clean bullish markup with:

Strong displacement up
Multiple consecutive wide green bars
Volume expansion
Break above key range ceiling (~6.52)

2) Market Structure & Order Flow

A) The big picture structure

Phase 1: Distribution → Decline (July–Aug)

Price ran to 7.63, then collapsed violently.
That crash candle + follow-through is institutional distribution / exit (not retail).

B) Phase 2: Long base (Aug–Jan)

You can clearly see:

Repeated oscillations between ~6.23–6.52
Many small-bodied candles and overlapping bars
→ Classic absorption + equilibrium

This is where strong hands quietly accumulate while price looks “boring”.

C) Phase 3: Breakout + Markup (Feb)

The move from ~6.35 → 6.96 is displacement (institutional urgency).

3) Volume-Price Relationship (VPR)

Highest conviction volume signal

Volume expansion on the breakout

The breakout bars are not only green and wide-range
They are supported by rising volume
→ This is real demand, not a weak retail pop.

Effort vs Result

During the base, volume often came in but price barely moved
→ absorption (smart money taking supply)
Now, volume produces strong upward result
→ supply has been removed

4) Key BOS / CHoCH Levels

CHoCH (Change of Character)

The first real CHoCH is when price stops making lower lows and holds above ~6.23.

BOS (Break of Structure)

The most important BOS:

Break above ~6.52 (the repeated range cap)
That level was tested and rejected multiple times before — once it breaks with volume, it becomes a major demand zone.

5) Institutional Footprints (SMC / Wyckoff)

Wyckoff read (clean)

Accumulation → Markup

6.23 = selling climax / spring zone
6.52 = range resistance (creek)
Feb move = jump across the creek
Next step should be: back-up to the creek (retest)

This is textbook.

6) Bar-by-Bar: What the candles are saying NOW

The last sequence (most relevant)

A cluster of strong green candles with minimal pullback
Closing near highs repeatedly
→ trend bars, not churn

But you are also now reaching an area where:

Price is approaching older supply zones
The move is getting extended short-term

So probability increases for:

a pause
a pullback
or a high-volume churn bar (profit-taking)

7) Critical Price Levels (Actionable)

A) Immediate resistance zones (targets)

7.00 round number
- Psychological + profit-taking level
7.18
- Previous reference level visible on chart
7.40–7.63
- Major supply zone from prior distribution top

B) Key support zones (where buyers should defend)

6.52 (MOST IMPORTANT)
- Prior range ceiling
- If this fails, breakout is suspect
6.40
- Mid-range pivot area (multiple touches)
6.23
- Major base low (line in the sand)

8) High-Probability Setups (Risk-Adjusted)

Setup A — Best R:R (professional entry)

Buy the retest of 6.52

Entry zone: 6.52–6.60
Stop: below 6.40
Targets: 7.18 → 7.40 → 7.63

This is the cleanest “institutional style” trade.

Setup B — Momentum continuation

Buy breakout continuation above 7.00

Only valid if:

Break above 7.00 holds
Volume stays elevated
No immediate reversal bar

Downside: worse R:R, higher trap risk.

9) Retail Trap Risk (What to watch)

The biggest trap pattern from here is:

Upthrust above 7.00

Price spikes above 7.00 intraday
Closes back below 7.00
Volume high
→ This would be a bull trap / supply hit

If you see that, don’t chase.

10) Forward Bias + What Matters Next

Bias: Bullish while above 6.52

This is now a trend continuation market.

Bull case (most likely)

Consolidation / pullback to 6.52–6.60
Then continuation toward 7.18

Bear case (needs confirmation)

Breakdown below 6.52
Follow-through below 6.40
→ Then it becomes a failed breakout and returns to range.

Final “Elite” Summary (3–5 conviction points)

6.52 was the range ceiling for months — now broken with volume.
The Feb rally is displacement, not a weak drift.
The base was absorption, meaning supply has been removed.
7.00 and 7.18 are the next profit-taking / supply reaction zones.
Best trade is not chasing — it’s waiting for a retest of 6.52.

Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.

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