In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.
In this article, we’re highlighting NIO Inc. (SGX: NIO), Pacific Radiance Ltd (SGX: RXS), Parkson Retail Asia Ltd (SGX: O9E), and Hong Fok Corp Ltd (SGX: H30), all of which exhibit bullish price action.
Below are some key highlights from the technical reports:
NIO Inc
- Market Position: NIO is designated as a ‘Technical Buy’ as its price action indicates a first sign of a bullish reversal and is likely to trend higher going forward.
- Entry Prices and Support Levels: Recommended entry points are at US$5.57, US$4.60, and US$4.00, with support levels established at US$4.67 and US$3.70.
- Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at US$3.43. The resistance levels identified at US$6.42 and US$8.10.
- Target Prices: Target prices are set at US$7.08, US$9.40, US$10.10, and US$11.18.
- Company Overview: NIO manufactures and sells automobiles, offering electric vehicles, parts, and battery charging services.
For a more detailed analysis, click on the link to access the report.
Pacific Radiance Ltd
- Market Position: Pacific Radiance is classified as a ‘Technical Buy’ after price action shows bullish sentiment.
- Entry Prices and Support Levels: Recommended entry points are at S$0.042, S$0.035, and S$0.030, with support levels established at S$0.034 and S$0.028.
- Stop Loss and Resistance Levels: A stop loss is set at S$0.026 to mitigate risks. The resistance levels are projected at S$0.046 and S$0.058.
- Target Prices: Target prices set by the analysis are S$0.050, S$0.058, S$0.065, and S$0.080.
- Company Overview: Pacific Radiance offers offshore vessels and support services.
For a more detailed analysis, click on the link to access the report.
Parkson Retail Asia Ltd
- Market Position: Parkson Retail is classified as a ‘Technical Buy’ after price action shows bullish trend potentially returning.
- Entry Prices and Support Levels: Recommended entry points are at S$0.062, S$0.055, and S$0.048, with support levels established at S$0.054 and S$0.043.
- Stop Loss and Resistance Levels: A stop loss is set at S$0.042. The resistance levels are determined at S$0.047 and S$0.086.
- Target Prices: Target prices set at S$0.080, S$0.090, S$0.100, and S$0.110.
- Company Overview: Parkson Retail Asia is a Southeast Asia-based department store operator, offering a wide range of branded products.
For a more detailed analysis, click on the link to access the report.
Hong Fok Corp Ltd
- Market Position: Hong Fok is classified as a ‘Technical Buy’ as price action suggests a potential bottoming out after buying pressure was seen in recent periods.
- Entry Prices and Support Levels: Recommended entry points are at S$0.850, S$0.820, and S$0.800, with support levels established at S$0.820 and S$0.790.
- Stop Loss and Resistance Levels: A stop loss is set at S$0.780. The resistance levels are determined at S$0.865 and S$0.945.
- Target Prices: Target prices set at S$0.910, S$0.950, S$1.00, and S$1.08.
- Company Overview: Hong Fok’s principal activities consist of property investment, property development, property management, and investment trading.
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.
