Stock with Momentum: Boustead Singapore

July 1, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we analyze Boustead Singapore Ltd (SGX: F9D) because its price action has shown a strong bullish trend that is likely to continue higher.

Below are some key highlights from the technical report:

Boustead Singapore Ltd

Market Position: Boustead Singapore is designated as a ‘Technical Buy’. The stock has remained within the uptrend channel for the past two years, and the secondary uptrend line of four months suggests higher prices.

Entry Prices and Support Levels: Recommended entry points are at S$1.04, S$0.995, and S$0.965, with support levels established at S$0.995 and S$0.930.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.920. The resistance levels identified are at S$1.05 and S$1.20.

Target Prices: Target prices are set at S$1.10, S$1.30, S$1.52, and S$1.60.

Company Overview: Boustead Singapore operates as an infrastructure-related engineering services and geospatial technology company.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum.

Our goal is straightforward: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.