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 City Developments Ltd (SGX: C09) and Nio Inc. (SGX: NIO), 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.
City Developments Ltd
- Market Position: Technical Buy at last price of $6.09.
- Entry Prices: $6.09, $5.94, $5.86 with supports at $6.09 and $5.95.
- Stop Loss: $5.78, with resistance at $6.31 and $6.79.
- Target Prices: $6.40, $6.61, $6.85, $7.04.
- Overview: City Developments provides real estate services including renting, buying and selling properties to customers in Singapore.
For more detailed analysis, click on link to access to report.
Nio Inc
- Market Position: Technical Buy at last price of $6.27.
- Entry Prices: $6.27, $5.70, $5.24 with supports at $5.43 and $5.00.
- Stop Loss: $4.80, with resistance at $7.15 and $9.49.
- Target Prices: $7.40 $8.61, $9.51, $10.26.
- Overview: Nio manufactures and sells automobiles, offering electric vehicles as well as battery charging services to customers worldwide.
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.
