Stocks with Momentum: China Aviation Oil and Jardine Matheson

February 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 focus on China Aviation Oil Corp Ltd (SGX: G92) and Jardine Matheson Holdings Ltd(SGX: J36), both of which are displaying promising technical indicators suggesting a technical buy.

Here is a look at some of the key highlights of the technical report.

China Aviation Oil Corp

  • Market Position: Technical Buy at last price of $0.890.
  • Entry Prices: $0.890, $0.840, $0.780 with supports at $0.835 and $0.730.
  • Stop Loss: $0.720, with resistance at $0.920 and $1.02.
  • Target Prices: $0.970, $1.04, $1.10, $1.15.
  • Overview: Supplies jet fuel and trades in other oil products, showing signs of a bullish reversal.

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

Jardine Matheson

  • Market Position: Technical Buy at last price of $41.68.
  • Entry Prices: $41.68, $39.50, $38.90 with supports at $38.78 and $36.25.
  • Stop Loss: $37.60, with resistance at $41.81 and $45.11.
  • Target Prices: $43.52, $45.10, $47.80, $50.00.
  • Overview: A diversified conglomerate with positive indicators for a strong breakout soon.

For more detailed analysis, click on link to access to 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.

Disclaimer in the report attached