In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.
In this article, we examine Oversea-Chinese Banking Corp Ltd (OCBC) (SGX: O39) and Sembcorp Industries Ltd (SGX: U96). OCBC’s technical indicators suggest significant potential for further upside in the long term, whereas Sembcorp’s price action hints at a possible mean-reversion rebound.
Here is a look at some of the key highlights of the technical reports:
Oversea-Chinese Banking Corp Ltd
- Market Position: Technical Buy at last price of S$13.36.
- Entry Prices: S$13.36, S$13.00, and S$12.86 with supports at S$13.05 and S$12.73.
- Stop Loss and Resistance Levels: A stop loss is advised at S$12.60, with resistance points at S$13.40 and S$14.10.
- Target Prices: S$13.70, S$14.00, S$14.20, and S$14.50.
- Overview: OCBC offers a comprehensive range of financial services including deposit-taking, corporate, enterprise, personal lending, international trade financing and investment banking.
For more detailed analysis, click on the link to access to report.
Sembcorp Industries Ltd
- Market Position: Technical Buy at last price of S$5.11.
- Entry Prices: S$5.11, S$4.95, S$4.84 with supports at S$4.96 and S$4.64.
- Stop Loss and Resistance Levels: A stop loss is advised at S$4.75, with resistance points at S$5.43 and S$5.75.
- Target Prices: S$5.43, S$5.75, S$6.00, and S$6.50.
- Overview: Sembcorp provides utilities and integrated services for industrial sites such as power, gas, steam, water, wastewater treatment and other on-site services.
For more detailed analysis, click on the link to access to report.
Take advantage of the stock momentum
Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.
Disclaimer in the report attached.
