In today’s fast-paced financial markets, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we highlight UOL Group Ltd (SGX:U14), which is showing a strong rebound with uptrend continuation, and Jardine Matheson Holdings Ltd (SGX:J36), which is staging a reversion to the upside.
Key highlights from the technical reports:
UOL Group
Market Position: We have a ‘technical buy’ on UOL, as the stock continues to show strength with renewed bullish momentum, indicating that the recent sell-off is a mere correction.
Entry Prices and Support Levels: Recommended entry points are at S$5.73, S$5.56, and S$5.38, with established support levels at S$5.45 and S$5.35.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$5.18. The identified resistance levels are at S$5.94 and S$6.42.
Target Prices: Set at S$6.05, S$6.62, S$7.14, and S$7.58.
Company Overview: UOL is a real estate company with a diversified portfolio spanning development and investment properties, hotels, and serviced suites.
For a more detailed analysis, click on the link to access the report.
Jardine Matheson
Market Position: We maintain a ‘technical buy’ call on Jardine Matheson, as the stock has bounced back strongly after a recent dip and broken above a key trendline, showing signs that the uptrend is back.
Entry Prices and Support Levels: Recommended entry points are at US$42.28, US$41.40, and US$38.00, with support levels at US$41.45 and US$37.14.
Stop Loss and Resistance Levels: A stop loss is advised at US$34.78 to manage downside risk. Resistance levels are observed at US$44.70 and US$50.00.
Target Prices: Set at US$46.25, US$50.10, US$56.10, and US$60.16.
Company Overview: Jardine Matheson is a diversified conglomerate with interests across property, motor vehicles, retail, hospitality, construction, financial services, and more.
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.
