Stock with Momentum: Frencken Group

March 20, 2024

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

In this article, we’re spotlighting Frencken Group Ltd (SGX: E28), whose stock is exhibiting a strong positive bullish uptrend continuation.

Below are some key highlights from the technical report:

  • Market Position: Frencken Group is designated as a ‘Technical Buy’ at the last price of S$1.68.
  • Entry Prices and Support Levels: Suggested entry prices are S$1.67, S$1.52 and S$1.42, with key supports at S$1.53 and S$1.44.
  • Stop Loss and Resistance Levels: A stop loss is advised at S$1.36, with resistance points at S$1.74 and S$2.00.
  • Target Prices: The analysis sets target prices at S$1.80, S$1.88, S$1.92, and S$2.05.
  • Company Overview: Frencken Group designs, develops, and produces 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.

Please refer to the attached report for the disclaimer.