Stock with Momentum: Nippecraft

June 4, 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 Nippecraft Ltd (SGX:N32) because its price action shows potential signs of a bullish scenario moving forward.

Below are some key highlights from the technical report:

Nippecraft Ltd 

Market Position: Nippecraft is designated as a ‘Technical Buy’ with the stock exhibiting bullish signs.

Entry Prices and Support Levels: Recommended entry points are at S$0.058, S$0.050, and S$0.045, with support levels established at S$0.048 and S$0.042.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.040. The resistance levels identified are at S$0.058 and S$0.075.

Target Prices: Target prices are set at S$0.065, S$0.070, S$0.075 and S$0.080.

Company Overview: Nippecraft and its subsidiaries design, manufacture, and distribute paper-based diaries, organizers, stationery, and related products.

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

Take advantage of the stock momentum.

Our goal is straightforward: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.

Chua Wei Ren, CMT

With over 12 years’ experience, Wei Ren is a market strategist who specialises in Technical Analysis and Macro Economics. Leveraging core price action trading strategy with classical technical analysis to spot market movements for entries and exits, he believes that historical data plays a pertinent role in how market prices would impact future trades. Wei Ren also writes for CGSi Trendspotter, a daily market outlook report that aims to identify trading ideas in Singapore, as well as China and Hong Kong’s equity markets. A seasoned presenter, he has been hosting live webinars since the start of his career as a market strategist and has been featured on various mainstream media platforms including The Business Times ‘Chart Point’ and Capital 95.8.

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