Stock with Momentum: ST Engineering

June 27, 2024

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

In this article, we analyse Singapore Technologies Engineering Ltd (SGX: S63), also known as ST Engineering, because its price action indicates a strong bullish trend that is likely to continue.

Below are some key highlights from the technical report:

Singapore Technologies Engineering Ltd

Market Position: ST Engineering is designated as a ‘Technical Buy’. The stock has remained within the uptrend channel for the past 1.5 years.

Entry Prices and Support Levels: Recommended entry points are at S$4.19, S$4.07, and S$3.95, with support levels established at S$4.05 and S$3.90.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$3.86. The resistance levels identified are at S$4.30 and S$4.50.

Target Prices: Target prices are set at S$4.32, S$4.40, S$4.52, and S$4.60.

Company Overview: ST Engineering is a global technology, defence, and engineering group.

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.