In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we highlight UOL Group Ltd (SGX: U14) and Raffles Medical Group Ltd (SGX: BSL), whose price actions are bottoming out with strong bullish pressure.
Key highlights from the two technical reports:
UOL Group
Market Position: UOL Group continues to maintain a ‘technical buy’ position. The stock has broken out of a downtrend with a strong bullish candlestick and increased volume, signaling healthy momentum.
Entry Prices and Support Levels: Recommended entry points are at S$5.39, S$5.20, and S$5.00, with established support levels at S$5.22 and S$5.01.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$4.46. Identified resistance levels are at S$5.42 and S$6.05.
Target Prices: Set at S$5.82, S$6.02, S$6.60, and S$7.14.
Company Overview: UOL Group is a real estate company with a diversified portfolio that includes development and investment properties, hotels, and serviced suites.
For a more detailed analysis, click on the link to access the report.
Raffles Medical Group
Market Position: Raffles Medical has a ‘technical buy’ recommendation following a strong bullish reversal from the bottom, after being in a downtrend since March 2023.
Entry Prices and Support Levels: Recommended entry points are at S$0.88, S$0.85, and S$0.83, with established support levels at S$0.85 and S$0.82.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.80. Identified resistance levels are at S$0.89 and S$1.02.
Target Prices: Set at S$0.98, S$1.07, S$1.12, and S$1.24.
Company Overview: Raffles Medical is a healthcare provider that operates medical clinics, imaging centers, and medical laboratories. The company offers general and specialized medical services, medical evacuation, medical advisory, and dental treatment.
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.
