Stock with Momentum: Frencken Group Ltd

February 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 focus on Frencken Group Ltd (SGX: E28) after price action signals a bull trap confirmation.

Here is a look at some of the key highlights of the technical report.

  • Market Position: Frencken Group Ltd is currently considered a ‘Technical Sell’ with a last price of S$1.30.
  • Entry Prices and Support Levels: Entry prices are S$1.30, S$1.35, and S$1.45, with support levels at S$1.23 and S$1.03.
  • Stop Loss and Resistance Levels: A stop loss is recommended at S$1.50, with resistance levels at S$1.38 and S$1.65.
  • Target Prices: Target prices are S$1.15, S$1.10, and S$1.00.
  • Company Overview: Frencken Group Ltd specializes in designing, developing, and producing advanced modules and systems based on precision mechanics, hardware, and software.

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.

Disclaimer in the report attached

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