Stock with Momentum: COSCO SHIPPING International

March 12, 2024

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

In this article, we focus on COSCO SHIPPING International (Singapore) Co., Ltd (SGX:F83). Its positive price action suggests the stock is likely heading for another continuation of strong upside.

Below are some key highlights from the technical report:

  • Market Position: COSCO SHIPPING is designated as a ‘Technical Buy’ at the last price of S$0.143.
  • Entry Prices and Support Levels: Suggested entry prices are S$0.14, S$0.13 and S$0.125, with key supports at S$0.135 and S$0.119.
  • Stop Loss and Resistance Levels: A stop loss is advised at S$0.115, with resistance points at S$0.151 and S$0.17.
  • Target Prices: The analysis sets target prices at S$0.154, S$0.165, S$0.18, and S$0.19.
  • Company Overview: COSCO SHIPPING’s business portfolio includes logistics, dry bulk shipping, ship repair and marine engineering, as well as property management.

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

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.