Stocks with Momentum: SATS and Soilbuild Construction Group

July 4, 2024

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

In this article, we delve into the analysis of two Singapore-listed companies: SATS Ltd (SGX: S58) and Soilbuild Construction Group Ltd (SGX: S7P).

Below are some key highlights from the technical reports:

SATS Ltd

Market Position: SATS is considered a ‘Technical Buy’ after confirming the initial stage of a reversal pattern, suggesting a potential upward trend.

Entry Prices and Support Levels: Recommended entry points are at S$2.94, S$2.80, and S$2.69, with established support levels at S$2.79 and S$2.67.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.64. Resistance levels identified are at S$3.02 and S$3.20.

Target Prices: Set at S$3.11, S$3.28, S$3.41, and S$3.68.

Company Overview: SATS provides gateway services and food solutions, specializing in airfreight, ramp and baggage handling, passenger services, aviation security services, aircraft cleaning, and cruise center management.

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

Soilbuild Construction Group Ltd

Market Position: Soilbuild Construction is designated as a ‘Technical Buy’ due to its upward trend after bouncing back from a low point.

Entry Prices and Support Levels: Recommended entry points are at S$0.101, S$0.091, and S$0.080, with support levels established at S$0.088 and S$0.073.

Stop Loss and Resistance Levels: A stop loss is advised at S$0.068. Resistance levels are at S$0.118 and S$0.137.

Target Prices: Set at S$0.123, S$0.138, S$0.150, and S$0.170.

Company Overview: Soilbuild Construction is involved in general building and construction, acting as the main contractor for building works in Singapore.

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.