Stock with Momentum: Raffles Education

March 18, 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 Raffles Education Ltd (SGX: NR7), whose stock is demonstrating uncommon positive price movement, suggesting a potential upward mean-reversion.

Below are some key highlights from the technical report:

  • Market Position: Raffles Education is designated as a ‘Technical Buy’ at the last price of S$0.051.
  • Entry Prices and Support Levels: Suggested entry prices are S$0.051, and S$0.048, with key supports at S$0.049 and S$0.047.
  • Stop Loss and Resistance Levels: A stop loss is advised at S$0.043, with resistance points at S$0.055 and S$0.065.
  • Target Prices: The analysis sets target prices at S$0.058, S$0.060, S$0.065, and S$0.075.
  • Company Overview: Raffles Education provides vocational and technical training programs and courses, including fashion design, visual communication, multimedia design, and business administration.

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.