In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.
In this article, we’re highlighting Genting Singapore Ltd (SGX: G13), Silverlake Axis Ltd (SGX: 5CP) and First Resources Ltd (SGX: EB5), all showing signs of bullish price movements.
Below are some key highlights from the technical reports:
Genting Singapore Ltd
- Market Position: Genting Singapore is designated as a ‘Technical Buy’ at the last price of S$0.93.
- Entry Prices and Support Levels: Suggested entry prices are S$0.93, S$0.90 and S$0.78, with key supports at S$0.88 and S$0.845.
- Stop Loss and Resistance Levels: A stop loss is advised at S$0.84, with resistance points at S$1.01 and S$1.06.
- Target Prices: The analysis sets target prices at S$1.00, S$1.08, S$1.12, and S$1.16.
- Company Overview: Genting Singapore develops resort properties as well as operates casinos.
For a more detailed analysis, click on the link to access the report.
Silverlake Axis Ltd
- Market Position: Silverlake Axis is designated as a ‘Technical Buy’ at the last price of S$0.26.
- Entry Prices and Support Levels: Suggested entry prices are S$0.26, S$0.23 and S$0.21, with key supports at S$0.255 and S$0.215.
- Stop Loss and Resistance Levels: A stop loss is advised at S$0.22, with resistance points at S$0.31 and S$0.35.
- Target Prices: The analysis sets target prices at S$0.30, S$0.34, S$0.38, and S$0.40.
- Company Overview: Silverlake Axis provides digital economy software solutions and services to the banking, insurance, payment, retail and logistics industries.
For a more detailed analysis, click on the link to access the report.
First Resources Ltd
- Market Position: First Resources is designated as a ‘Technical Buy’ at the last price of S$1.41.
- Entry Prices and Support Levels: Suggested entry prices are S$1.41, S$1.35 and S$1.32, with key supports at S$1.33 and S$1.30.
- Stop Loss and Resistance Levels: A stop loss is advised at S$1.28, with resistance points at S$1.47 and S$1.56.
- Target Prices: The analysis sets target prices at S$1.54, S$1.62, S$1.78, and S$1.81.
- Company Overview: First Resources 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.
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.
