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 iFAST Corporation Ltd (SGX: AIY), where the price movement indicates a potential uptrend continuation, and UOL Group Ltd (SGX: U14), where the price movement indicates a potential upward mean-reversion.
Below are some key highlights from the technical reports:
iFAST Corporation Ltd
- Market Position: iFAST Corporation is designated as ‘Technical Buy’ with last price of S$7.10.
- Entry Prices and Support Levels: Entry prices are suggested at S$7.10, S$6.53, and S$6.00, with support levels identified at S$6.55 and S$5.66.
- Stop Loss and Resistance Levels: A stop loss is proposed at S$5.96 to manage risk, and resistance levels are anticipated at S$8.09 and S$9.69.
- Target Prices: Based on technical analysis, target prices are established at S$8.10, S$9.70, S$9.85, and S$9.94.
- Company Overview: iFast Corporation operates a funds and investments distribution platform in the Asia Pacific region.
For a more detailed analysis, click on the link to access the report.
UOL Group Ltd
- Market Position: UOL Group is eyed as a ‘Technical Buy’ after the stock is showing signs of bearish exhaustion.
- Entry Prices and Support Levels: Entry points are set at S$5.77, S$5.60, and S$5.38, with support levels at S$5.61 and S$5.35.
- Stop Loss and Resistance Levels: A stop loss is advised at S$5.34, with resistance points at S$6.04 and S$6.68.
- Target Prices: The targets are placed at S$6.06, S$6.52, S$7.00, and S$7.22.
- Company Overview: UOL Group, which owns and operates as a real estates company, has a diversified portfolio of development and investment properties, hotels, and serviced suites.
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.
