Stock with Momentum: Geo Energy Resources Ltd

January 31, 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 Geo Energy Resources Ltd (SGX: RE4) as the share price shows a continuation to the upside after a strong breakout to the bullish flag.

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

  • Market Position: Labeled as a ‘Technical Buy’ with a last price of S$0.345.
  • Entry Prices and Support Levels: Entry prices are S$0.345, S$0.330, and S$0.310, with support levels at S$0.335 and S$0.305.
  • Stop Loss and Resistance Levels: A stop loss is set at S$0.290, with resistance levels at S$0.350 and S$0.430.
  • Target Prices: Target prices are S$0.400, S$0.430, S$0.450, and S$0.490.
  • Company Overview: Geo Energy Resources Limited is an integrated coal mining specialist, operating coal mines, offering mine contracting services, and selling coal to coal traders and export companies.

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

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.

Share this

Subscribe to our weekly
newsletter and stay updated!