Stock with Momentum: Multi-Chem Ltd

June 25, 2024

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

In this article, we examine Multi-Chem Ltd (SGX: AWZ), whose recent price action suggests a strong bullish continuation ahead.

Below are some key highlights from the technical report:

Multi-Chem Ltd

Market Position: Multi-Chem is designated as a ‘Technical Buy’. The stock has been in an uptrend for the past nine years since its inception in 2015.

Entry Prices and Support Levels: Recommended entry points are at S$2.64, S$2.50, and S$2.41, with support levels established at S$2.59 and S$2.40.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$2.24. The resistance levels identified are at S$2.81 and S$3.00.

Target Prices: Target prices are set at S$2.83, S$2.99, S$3.20, and S$3.30.

Company Overview: Multi-Chem provides printed circuit boards (PCB) manufacturing services, mainly precision drilling services to PCB fabricators.

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.