In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.
In this article, we’re looking at two companies: United Overseas Bank Ltd (SGX: U11) and DBS Group Holdings Ltd (SGX: D05). UOB’s price action indicates ongoing upside momentum over the past three months, while DBS’s price action suggests selling exhaustion and a return to its long-term uptrend.
Here is a look at some of the key highlights of the technical report:
United Overseas Bank Ltd
- Market Position: Technical Buy at last price of S$28.95.
- Entry Prices: S$28.95, S$28.00, and S$27.41 with supports at S$27.14 and S$26.44.
- Stop Loss: S$27.40, with resistance at S$29.07 and S$30.71.
- Target Prices: S$29.80, S$30.72, S$31.50, and S$32.00.
- Overview: UOB provides a wide range of financial services including personal financial services, wealth management, as well as commercial and corporate banking.
For more detailed analysis, click on the link to access to report.
DBS Group Holdings Ltd
- Market Position: Technical Buy at last price of S$34.62.
- Entry Prices: S$34.62, S$33.63, S$32.70 with supports at S$33.63 and S$32.69.
- Stop Loss: S$31.80, with resistance points at S$34.53 and S$36.36.
- Target Prices: S$36.21, S$37.21, S$38.10, and S$39.00.
- Overview: DBS offers a variety of financial services including mortgage financing, lease and hire purchase financing, and funds management. The group also acts as the primary dealer in Singapore government securities.
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.
