In today’s fast-paced financial markets, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we highlight Sembcorp Industries Ltd (SGX:U96), which is showing a strong uptrend, and Keppel Ltd (SGX:BN4), which is demonstrating a bullish continuation.
Key highlights from the technical reports:
Sembcorp Industries
Market Position: We have a ‘technical buy’ on Sembcorp Industries, which has broken into a new high and formed a series of higher highs and lows ever since it broke above the larger corrective channel.
Entry Prices and Support Levels: Recommended entry points are at S$6.31, S$5.92, and S$5.60, with established support levels at S$5.88 and S$5.60.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$5.49. The identified resistance levels are at S$6.34 and S$7.60.
Target Prices: Set at S$7.15, S$7.60, S$8.00, and S$8.80.
Company Overview: Sembcorp Industries provides utilities and integrated services for industrial sites, such as power, gas, steam, water, wastewater treatment, and other onsite services. Sembcorp Industries serves industrial parks, businesses, commercial, and residential spaces.
For a more detailed analysis, click on the link to access the report.
Keppel
Market Position: We have a ‘technical buy’ call on Keppel for the stock has broken above the bullish flag with two strong consecutive bullish bars.
Entry Prices and Support Levels: Recommended entry points are at S$6.94, S$6.72, and S$6.50, with established support levels at S$6.72 and S$6.44.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$6.30. Identified resistance levels are at S$7.07 and S$7.60.
Target Prices: Set at S$7.20, S$7.40, S$8.01, and S$8.50.
Company Overview: Keppel Corporation’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.
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.
