Stocks with Momentum: Centurion Corporation and Lendlease Global Commercial REIT

June 6, 2024

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

In this article, we examine Centurion Corporation Ltd (SGX: OU8) due to its price action, which indicates a sustained bullish uptrend. Additionally, we analyse Lendlease Global Commercial REIT (SGX: JYEU), whose price action suggests a returning uptrend.

Below are some key highlights from the technical reports:

Centurion Corp Ltd 

Market Position: Centurion Corp is designated as a ‘Technical Buy’ because the stock has formed a series of higher highs and lows.

Entry Prices and Support Levels: Recommended entry points are at S$0.55, S$0.48, and S$0.46, with support levels established at S$0.525 and S$0.46.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.43. The resistance levels identified are at S$0.555 and S$0.65.

Target Prices: Target prices are set at S$0.59, S$0.63, S$0.66 and S$0.71.

Company Overview: Centurion Corp provides purpose-built workers and student accommodation services. Centurion owns, develops, and manages quality and purpose-built workers accommodation assets.

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

Lendlease Global Commercial REIT 

Market Position: Lendlease REIT is designated as a ‘Technical Buy’ because the stock has broken out of the 6-month corrective downtrend channel.

Entry Prices and Support Levels: Recommended entry points are at S$0.57, S$0.52, and S$0.50, with support levels established at S$0.515 and S$0.49.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.49. The resistance levels identified are at S$0.605 and S$0.685.

Target Prices: Target prices are set at S$0.65, S$0.68, S$0.73 and S$0.78.

Company Overview: Lendlease REIT invests in diversified portfolio of real estate assets globally, which are used primarily for retail and/or office purposes.

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.