In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
This article explores the analysis of DBS Group Holdings Ltd (SGX: D05), Seatrium Ltd (SGX: 5E2), and CSOP iEdge S-REIT Leaders Index ETF S$ (SGX: SRT), all of which are designated as ‘technical buys’ after showing a bullish trend.
Below are some key highlights from the technical reports:
DBS Group Holdings Ltd
Market Position: DBS is showing strong signs of an upside. The stock has broken above its previous high and is likely to see strong momentum going forward.
Entry Prices and Support Levels: Recommended entry points are at S$38.50, S$36.20, and S$34.50, with established support levels at S$37.90 and S$36.20.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$31.85. Resistance levels identified are at S$40.80 and S$44.52.
Target Prices: Set at S$41.96, S$42.14, S$43.32 and S$46.35.
Company Overview: DBS Group provide a variety of financial services. The company offers services including mortgage financing, lease and hire purchase financing, nominee and trustee services, funds management, corporate advisory, and brokerage. DBS Group also acts as the primary dealer in Singapore government securities.
For a more detailed analysis, click on the link to access the report.
Seatrium Ltd
Market Position: Seatrium is showing signs of a bullish reversal from the bottom after breaking above the one-year long-term downtrend line.
Entry Prices and Support Levels: Recommended entry points are at S$1.74, S$1.62, and S$1.50, with support levels established at S$1.52 and S$1.36.
Stop Loss and Resistance Levels: A stop loss is advised at S$1.35. Resistance levels are at S$1.83 and S$2.22.
Target Prices: Set at S$1.96, S$2.14, S$2.22, and S$2.35.
Company Overview: Seatrium offers engineering solutions for the offshore, marine, and energy industries. The company provides rigs and floaters, repairs and upgrades, offshore platforms, and specialized shipbuilding services.
For a more detailed analysis, click on the link to access the report.
CSOP iEdge S-REIT Leaders Index ETF S$
Market Position: CSOP iEdge S-REIT ETF S$ has surged past a two-year downtrend with a strong upward rally.
Entry Prices and Support Levels: Recommended entry points are at S$0.833, S$0.810, and S$0.780, with support levels established at S$0.780 and S$0.720.
Stop Loss and Resistance Levels: A stop loss is advised at S$0.760. Resistance levels are at S$0.850 and S$0.950.
Target Prices: Set at S$0.880, S$0.920, S$0.960, and S$0.995.
Company Overview: The CSOP iEdge S-REIT Leaders Index ETF adopts a replication strategy to track the performance of the iEdge S-REIT Leaders Index, presenting investment opportunities in the Singapore REITs market.
For a more detailed analysis, click on the link to access the report.
Take advantage of the stock 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.
