In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we highlight Mermaid Maritime PCL (SGX: DU4) and Pacific Radiance Ltd (SGX: RXS), as their price actions signal bullish momentum.
Key highlights from the technical report:
Mermaid Maritime
Market Position: We have a ‘technical buy’ position in Mermaid Maritime, as the stock has experienced a strong bullish breakout to the upside.
Entry Prices and Support Levels: Recommended entry points are S$0.158, S$0.135, and S$0.120, with established support levels at S$0.144 and S$0.120.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.115. The identified resistance levels are S$0.162 and S$0.225.
Target Prices: Set at S$0.200, S$0.230, S$0.250, and S$0.300.
Company Overview: Mermaid Maritime is a provider of drilling and subsea engineering services for the offshore oil and gas industry. The company’s subsea engineering division services clients in Southeast Asia, India, China, Sakhalin, the North Sea, the Middle East, and South America.
For a more detailed analysis, click on the link to access the report.
Pacific Radiance
Market Position: With the uptrend intact since February 2024, Pacific Radiance is designated as a ‘technical buy’ call, showing a likelihood of continuing the uptrend in the longer term.
Entry Prices and Support Levels: Recommended entry points are at S$0.053, S$0.045, and S$0.041, with established support levels at S$0.045 and S$0.033.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.035. The identified resistance levels are S$0.054 and S$0.080.
Target Prices: Set at S$0.065, S$0.080, S$0.097, and S$0.106.
Company Overview: Pacific Radiance offers offshore vessels and support services. The company owns and operates offshore vessels, provides subsea services, shipyard services, marine equipment, and project logistics to the oil and gas industry worldwide.
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.
