In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we focus on CapitaLand Investment Ltd (SGX: 9CI), which is currently exhibiting bullish momentum, and Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6), presenting a potential buying opportunity on the dip.
Key highlights from the technical reports:
CapitaLand Investment
Market Position: We are initiating a ‘technical buy’ position on CapitaLand Investment, as its current price action indicates a potential bottoming out.
Entry Prices and Support Levels: Recommended entry points are at S$2.62, S$2.50, and S$2.37, with established support levels at S$2.54 and S$2.37.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.29. Identified resistance levels are at S$2.69 and S$3.21.
Target Prices: Set at S$2.87, S$3.17, S$3.68, and S$4.00.
Company Overview: CapitaLand Investment is a global real estate investment manager aiming to grow its funds under management and fee-related earnings through comprehensive investment and operating capabilities. Its portfolio includes integrated developments, retail, office, lodging, and new economy assets, owned or managed directly or via its fund management platform.
For a more detailed analysis, click on the link to access the report.
YZJ Shipbuilding
Market Position: YZJ Shipbuilding’s price action is showing signs of bearish exhaustion at key support, but we are issuing a ‘technical buy,’ taking the opportunity to buy on the dip, as the overall trend has remained bullish since 2020.
Entry Prices and Support Levels: Recommended entry points are at S$2.44, S$2.23, and S$2.17, with established support levels at S$2.37 and S$2.13.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.10. Identified resistance levels are at S$2.90 and S$3.10.
Target Prices: Set at S$2.77, S$3.07, S$3.58, and S$4.00.
Company Overview: YZJ Shipbuilding builds a wide range of ships. The company manufactures various commercial vessels, including mini bulk carriers, multipurpose cargo vessels, containerships, chemical tankers, offshore supply vessels, rescue and salvage vessels, and lifting vessels.
For a more detailed analysis, click on the link to access the report.
Take advantage of the stock’s momentum.
Our goal is 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.
