In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we highlight Singapore Telecommunications Ltd (Singtel) (SGX: Z74), Hiap Tong Corporation Ltd (SGX:5PO), and Keppel DC REIT (SGX:AJBU) as their price action shows bullish signs.
Key highlights from the technical report:
Singtel
Market Position: We issue a ‘technical buy’ call on Singtel, expecting the stock to trend higher. Key indicators, such as testing of resistance levels, uptrend strength, and healthy trading volume, support this positive outlook.
Entry Prices and Support Levels: Recommended entry points are S$3.20, S$3.04, and S$2.96, with established support levels at S$3.04 and S$2.93.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.82. The identified resistance levels are S$3.20 and S$3.80.
Target Prices: Set at S$3.45, S$3.53, S$3.75, and S$4.20.
Company Overview: Singtel provides wireless telecommunication services. The company offers a diverse range of services, including fixed, mobile, data, internet, TV, and digital solutions.
For a more detailed analysis, click on the link to access the report.
Hiap Tong Corp
Market Position: Hiap Tong Corp has a ‘technical buy’ call on its stock. Key indicators show a potential bullish rebound, including breaking out of a downtrend since July 31, 2023.
Entry Prices and Support Levels: Recommended entry points are at S$0.087, S$0.076, and S$0.071, with established support levels at S$0.080 and S$0.070.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.064. The identified resistance levels are S$0.100 and S$0.130.
Target Prices: Set at S$0.110, S$0.120, S$0.125, and S$0.180.
Company Overview: Hiap Tong Corp is a leasing and trading provider of hydraulic lifting and haulage equipment services, primarily serving the marine, petrochemical, and construction industries in Singapore.
For a more detailed analysis, click on the link to access the report.
Keppel DC REIT
Market Position: We are changing our previous ‘technical sell’ call on Keppel DC REIT to a ‘technical buy’. The stock has broken out of a bullish pennant formation, which is a pattern indicating a continuation of an upward trend after a brief consolidation period.
Entry Prices and Support Levels: Recommended entry points are at S$2.27 and S$2.18, with established support levels at S$2.20 and S$2.00.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.04. The identified resistance levels are S$2.40 and S$3.00.
Target Prices: Set at S$2.51, S$2.83, S$3.05, and S$3.20.
Company Overview: Keppel DC REIT is Asia’s first pure-play data centre REIT, investing in a diversified portfolio of income-producing real estate assets primarily used for data centres.
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.
