Stocks with Momentum: UG Healthcare Corp and Valuetronics Holdings

May 16, 2024

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

In this article, we focus on UG Healthcare Corp Ltd (SGX: 8K7) and Valuetronics Holdings Ltd (SGX: BN2), as both show potential for a return to the uptrend.

Below are some key highlights from the technical reports:

UG Healthcare Corp Ltd 

  • Market Position: UG Healthcare Corp is designated as a ‘Technical Buy’ as the stock indicates a bullish reversal is in place.
  • Entry Prices and Support Levels: Recommended entry points are at S$0.142, S$0.125, and S$0.115, with support levels established at S$0.109 and S$0.085.
  • Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.096. The resistance levels identified are at S$0.157 and S$0.205.
  • Target Prices: Target prices are set at S$0.180, S$0.200, S$0.220, and S$0.250.
  • Company Overview: UG Healthcare manufactures and distributes disposable gloves.

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

Valuetronics Holdings Ltd 

  • Market Position: Valuetronics is designated as a ‘Technical Buy’. The stock has been in an uptrend for the past one year and six months and is likely to continue.
  • Entry Prices and Support Levels: Recommended entry points are at S$0.60, S$0.57, and S$0.56, with support levels established at S$0.57 and S$0.54.
  • Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.54. The resistance levels identified are at S$0.635 and S$0.680.
  • Target Prices: Target prices are set at S$0.635, S$0.660, S$0.690, and S$0.710.
  • Company Overview: Valuetronics offers original equipment manufacturing and original design manufacturing services.

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

Take advantage of the stock momentum.

Our goal is straightforward: 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.