In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
The article explores the analysis of two Singapore-listed companies showing bullish signs: Jardine Cycle & Carriage (SGX: C07) and RH PetroGas Ltd (SGX: T13).
Below are some key highlights from the technical reports:
Jardine Cycle & Carriage
Market Position: Jardine Cycle & Carriage is considered a ‘Technical Buy’ as the stock remains on the upside after breaking above the 6-month downtrend line.
Entry Prices and Support Levels: Recommended entry points are at S$26.38, S$24.77, and S$23.84, with established support levels at S$25.98 and S$23.84.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$22.80. Resistance levels identified are at S$29.12 and S$31.98.
Target Prices: Set at S$28.17, S$29.10, S$31.90 and S$34.60.
Company Overview: Jardine Cycle & Carriage invests in various sectors, including automotive, consumer finance, utilities, infrastructure, heavy equipment, mining, property, agribusiness, cement, and consumer products.
For a more detailed analysis, click on the link to access the report.
RH PetroGas
Market Position: RH PetroGas is designated as a ‘Technical Buy’. It has gapped up and broken above the 10-month period downtrend line with the support of strong spike in volume.
Entry Prices and Support Levels: Recommended entry points are at S$0.155, S$0.140, and S$0.128, with support levels established at S$0.138 and S$0.124.
Stop Loss and Resistance Levels: A stop loss is advised at S$0.122. Resistance levels are at S$0.160 and S$0.180.
Target Prices: Set at S$0.170, S$0.190, S$0.200, and S$0.210.
Company Overview: RH Petrogas is an independent oil and gas company that acquires and develops properties for oil and natural gas resources.
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.
