Stock with Momentum: Yoma Strategic Holdings

April 25, 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 highlighting Yoma Strategic Holdings Ltd (SGX: Z59), as its recent price movement indicates a potential bottoming out following notable buying pressure.

Yoma Strategic Holdings Ltd

  • Market Position: Yoma Strategic is designated as ‘Technical Buy’ with last price of S$0.044.
  • Entry Prices and Support Levels: Entry prices are suggested at S$0.044, S$0.040, and S$0.038, with support levels identified at S$0.041 and S$0.038.
  • Stop Loss and Resistance Levels: A stop loss is proposed at S$0.036 to manage risk, and resistance levels are anticipated at S$0.051 and S$0.038.
  • Target Prices: Based on technical analysis, target prices are established at S$0.051, S$0.063, S$0.075, and S$0.080.
  • Company Overview: Yoma Strategic, through its subsidiaries, develops, constructs, and sells private and residential real estate properties.

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.