Stock with Momentum: Frencken Group Ltd

January 25, 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), as price action has seen a return to the uptrend.

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

Market Position: Frencken Group Ltd is currently considered a ‘Technical Buy’ with a last price of S$1.37.
Entry Prices and Support Levels: The entry prices are suggested at S$1.37, S$1.29, and S$1.23. Support levels are identified at S$1.23 and S$1.03.
Stop Loss and Resistance Levels: A stop loss is recommended at S$1.16. Resistance levels are at S$1.40 and S$1.65.
Target Prices: The target prices are set at S$1.52, S$1.60, S$1.66, and S$1.72.
Company Overview: Frencken Group Limited specializes in designing, developing, and producing complex and 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

Tags: Information Technology, SGX:E28, Singapore

Billy Toh

Billy is deeply committed to making investment accessible and understandable to everyone, a principle that drives his engagement with the capital markets and his long-term investment strategies. He is currently the Head of Content & Investment Lead for Prosperus and a SGX Academy Trainer. His extensive experience spans roles as an economist at RHB Investment Bank, focusing on the Thailand and Philippines markets, and as a financial journalist at The Edge Malaysia. Additionally, his background includes valuable time spent in an asset management firm. Outside of finance, Billy enjoys meaningful conversations over coffee, keeps fit as a fitness enthusiast, and has a keen interest in technology.