Stocks with Momentum: Japfa and Ley Choon Group

June 14, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we focus on Japfa Ltd (SGX: UD2) and Ley Choon Group Holdings Ltd (SGX:Q0X), whose price actions are showing positive continuation.

Below are some key highlights from the technical reports:

Japfa Ltd 

Market Position: Japfa has been designated as a ‘Technical Buy’ due to its breakout from a bullish flag formation, accompanied by strong trading volume.

Entry Prices and Support Levels: Recommended entry points are at S$0.325, S$0.300, and S$0.280, with support levels established at S$0.300 and S$0.245.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.260. The resistance levels identified are at S$0.350 and S$0.400.

Target Prices: Target prices are set at S$0.370, S$0.390, S$0.400 and S$0.410.

Company Overview: Japfa operates within the agricultural industry. The company is involved in breeding and processing chicken, pork, and beef. Additionally, Japfa manages dairy farms.

For a more detailed analysis, click on the link to access the report.

Ley Choon Group Holdings Ltd 

Market Position: Ley Choon is designated as a ‘Technical Buy’ after trending well over the past year, and its short-term trend for the last three months remains positive.

Entry Prices and Support Levels: Recommended entry points are at S$0.057, S$0.050, and S$0.047, with support levels established at S$0.055 and S$0.043.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.040. The resistance levels identified are at S$0.065 and S$0.080.

Target Prices: Target prices are set at S$0.065, S$0.070, S$0.080 and S$0.090.

Company Overview: Ley Choon is a one-stop underground utilities infrastructure company.

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.