In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.
In this article, we’re focusing on DBS Group Holdings Ltd (SGX:D05) due to its price action displaying strong bullish pressure, Oversea-Chinese Banking Corp Ltd (SGX:O39) with its technicals showing a bullish trend intact, and Keppel DC REIT (SGX:AJBU) with its price action indicating mean reversion to the upside.
Below are some key highlights from the technical reports:
DBS Group Holdings Ltd
- Market Position: DBS Group is designated as a ‘Technical Buy’ as the stock is on a strong uptrend with healthy volume expansion.
- Entry Prices and Support Levels: Recommended entry points are at S$35.28, S$34.00, and S$32.90, with support levels established at S$34.09 and S$33.07.
- Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$31.80. The resistance levels identified at S$35.76 and S$36.95.
- Target Prices: Target prices are set at S$36.10, S$36.95, S$38.40, and S$39.00.
- Company Overview: DBS Group provides a variety of financial services, including mortgage financing, lease and hire purchase financing, and funds management. The bank also acts as the primary dealer in Singapore government securities.
For a more detailed analysis, click on the link to access the report.
Oversea-Chinese Banking Corp Ltd
- Market Position: OCBC is designated as a ‘Technical Buy’ because its technical shows strong indication of further upside over the longer-term period.
- Entry Prices and Support Levels: Recommended entry points are at S$14.00, S$13.45, and S$13.06, with support levels established at S$13.05 and S$12.73.
- Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$12.70. The resistance levels identified at S$14.20 and S$14.50.
- Target Prices: Target prices are set at S$14.52, S$14.80, S$15.20, and S$15.50.
- Company Overview: OCBC offers a range of financial services, including investment banking, private banking, treasury, stockbroking, insurance and credit cards.
For a more detailed analysis, click on the link to access the report.
Keppel DC REIT
- Market Position: Keppel DC is designated as a ‘Technical Buy’ due its price action signaling a bullish reversal going forward.
- Entry Prices and Support Levels: Recommended entry points are at S$1.77, S$1.64, and S$1.59, with support levels established at S$1.67 and S$1.57.
- Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$1.55. The resistance levels identified at S$1.85 and S$2.04.
- Target Prices: Target prices are set at S$1.87, S$1.93, S$2.00, and S$2.12.
- Company Overview: Keppel DC is Asia’s first pure-play data center. The REIT’s investment strategy is to invest in a diversified portfolio of income-producing real estate assets which are used primarily for data center purposes, as well as real estate related assets.
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.
