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 Wee Hur Holdings Ltd (SGX: E3B), Kim Heng Ltd (SGX: 5G2) and Addvalue Technologies Ltd (SGX: A31), whose price actions are showing potential of an uptrend.
Below are some key highlights from the technical reports:
Wee Hur Holdings
Market Position: Wee Hur Holdings Ltd is designated as a ‘Technical Buy’ because the stock is showing a bullish bottoming pattern and is likely to enter an uptrend. The stock has broken above the resistance-turned-support level of S$0.215 and is trending above all Ichimoku indicators, indicating strong bullish momentum.
Entry Prices and Support Levels: Recommended entry points are at S$0.225, S$0.210, and S$0.194, with support levels established at S$0.215 and S$0.192.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.180. The resistance levels identified are at S$0.240 and S$0.260.
Target Prices: Target prices are set at S$0.240, S$0.260, S$0.280, and S$0.300.
Company Overview: Wee Hur Holdings Ltd provides building construction services and acts as the management or main contractor in construction projects for both private and public sectors. The Company’s clients from the private sector include property owners and developers, and those from the public sector comprise government bodies and statutory boards.
For a more detailed analysis, click on the link to access the report.
Kim Heng Ltd
Market Position: Kim Heng Ltd is designated as a ‘Technical Buy’ due to the bullish strength gaining traction. The stock has broken out of the larger falling wedge with strong bullish momentum and has subsequently broken out of the symmetrical triangle with a strong bullish bar.
Entry Prices and Support Levels: Recommended entry points are at S$0.094, S$0.088, and S$0.080, with support levels established at S$0.080 and S$0.075.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.070. The resistance levels identified are at S$0.100 and S$0.113.
Target Prices: Target prices are set at S$0.103, S$0.110, S$0.130, and S$0.150.
Company Overview: Kim Heng Ltd focuses on meeting the needs of renewable energy and offshore marine businesses. The Company provides vessel chartering, heavy equipment rental, and marine services to support wind farm and offshore projects. Kim Heng serves customers worldwide.
For a more detailed analysis, click on the link to access the report.
Addvalue Technologies
Market Position: Addvalue Technologies Ltd is designated as a ‘Technical Buy’ due to the likelihood of a bottom reversal. The stock has formed a rounding bottom reversal pattern and has broken out of key resistance turned support at S$0.010.
Entry Prices and Support Levels: Recommended entry points are at S$0.013, S$0.010, and S$0.008, with support levels established at S$0.010 and S$0.006.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.005. The resistance levels identified are at S$0.016 and S$0.022.
Target Prices: Target prices are set at S$0.017, S$0.020, S$0.025, and S$0.030.
Company Overview: Addvalue Technologies Ltd operates as a digital, wireless, and broadband communications solutions provider. The Company also offers product design services, engineering solutions, and marketing and business promotion. Addvalue Technologies designs, develops, and distributes satellite-based communication and digital broadband products.
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.
