In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we highlight Keppel Ltd (SGX: BN4) and Nera Telecommunications Ltd (SGX: N01), which are showing positive signals of a bullish continuation.
Key highlights from the technical report:
Keppel Ltd
Market Position: Keppel is designated as a ‘technical buy’ with the stock on an uptrend since March 2022.
Entry Prices and Support Levels: Recommended entry points are at S$6.56, S$6.33, and S$6.03, with established support levels at S$6.25 and S$6.03.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$6.24. Identified resistance levels are at S$7.07 and S$7.44.
Target Prices: Set at S$6.82, S$7.04, S$7.15, and S$7.60.
Company Overview: Keppel’s core businesses are offshore and marine, infrastructure, property investment and development, telecommunications and transportation, energy, and engineering.
For a more detailed analysis, click on the link to access the report.
Nera Telecommunications Ltd
Market Position: Nera Telecommunications has a ‘technical buy’ call with its weekly chart showing a clear break above the downtrend line since October 2016.
Entry Prices and Support Levels: Recommended entry points are at S$0.107, S$0.090, and S$0.084, with established support levels at S$0.098 and S$0.082.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.074. Identified resistance levels are at S$0.120 and S$0.200.
Target Prices: Set at S$0.126, S$0.135, S$0.170, and S$0.180.
Company Overview: Nera Telecommunications sells, services, and distributes satellite communication and transmission network products under the Nera brand name. The company also sells, installs, and maintains information technology (IT) networks, and undertakes contract manufacturing.
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.
