In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we examine First Resources Ltd (SGX: EB5), Jardine Cycle & Carriage Ltd (SGX: C07), and Katrina Group Ltd (SGX: 1A0), whose price actions indicate bullishness.
Key highlights from the technical report:
First Resources Ltd
Market Position: First Resources is designated as a ‘technical buy’ after price action suggests a strong break to the upside.
Entry Prices and Support Levels: Recommended entry points are at S$1.50, S$1.35, and S$1.32, with established support levels at S$1.41 and S$1.33.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$1.30. Identified resistance levels are at S$1.48 and S$1.75.
Target Prices: Set at S$1.55, S$1.62, S$1.81, and S$2.00.
Company Overview: First Resources Ltd produces crude palm oil. The company is an upstream operator with primary business activities in the cultivation and harvesting of oil palms, and the processing of fresh fruit bunches into crude palm oil for local and export sales.
For a more detailed analysis, click on the link to access the report.
Jardine Cycle & Carriage Ltd
Market Position: Jardine C&C is designated as a ‘technical buy’ after breaking out of the consolidative range and remaining on the upside.
Entry Prices and Support Levels: Recommended entry points are at S$28.09, S$26.50, and S$25.84, with established support levels at S$26.65 and S$24.50.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$23.90. Identified resistance levels are at S$29.12 and S$31.98.
Target Prices: Set at S$29.10, S$31.90, S$34.60, and S$39.60.
Company Overview: Jardine C&C operates as an investment holding company. The company, through its subsidiaries, invests in automotive, consumer finance, utilities and infrastructure, heavy equipment and mining, property, agribusiness, cement, and consumer products businesses. Jardine C&C serves customers in Southeast Asia.
For a more detailed analysis, click on the link to access the report.
Katrina Group Ltd
Market Position: Katrina Group is designated as a ‘technical buy’ after the weekly chart shows a potential reversal to the upside.
Entry Prices and Support Levels: Recommended entry points are at S$0.076, S$0.055, and S$0.020, with established support levels at S$0.055 and S$0.014.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.013. Identified resistance levels are at S$0.125 and S$0.182.
Target Prices: Set at S$0.120, S$0.200, S$0.250, and S$0.300.
Company Overview: Katrina Group owns and operates restaurants. The company offers its products and services through company-owned restaurants throughout Asia.
For a more detailed analysis, click on the link to access the report.
Take advantage of the stock’s 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.
