In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we explore the analysis of two Singapore-listed companies showing potential uptrend reversal: Mapletree Industrial Trust (SGX: ME8U) and First Resources Ltd (SGX: EB5).
Below are some key highlights from the technical reports:
Mapletree Industrial Trust
Market Position: Mapletree Industrial Trust is considered a ‘Technical Buy’ after breaking out of a 6-month downtrend channel with rising volume.
Entry Prices and Support Levels: Recommended entry points are at S$2.29, S$2.23, and S$2.12, with established support levels at S$2.23 and S$2.10.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.06. Resistance levels identified are at S$2.45 and S$2.64.
Target Prices: Set at S$2.45, S$2.64, S$2.71 and S$2.80.
Company Overview: Mapletree Industrial Trust’s principal strategy is to invest in a diversified portfolio of income-producing real estate used for industrial purposes in Singapore and data centers worldwide beyond Singapore, as well as real estate-related assets.
For a more detailed analysis, click on the link to access the report.
First Resources Ltd
Market Position: First Resources is designated as a ‘Technical Buy’ with the stock likely to end its two-year accumulative phase.
Entry Prices and Support Levels: Recommended entry points are at S$1.47, S$1.35, and S$1.32, with support levels established at S$1.41 and S$1.33.
Stop Loss and Resistance Levels: A stop loss is advised at S$1.28. Resistance levels are at S$1.48 and S$1.75.
Target Prices: Set at S$1.54, S$1.62, S$1.78, and S$1.81.
Company Overview: First Resources engages in the production of crude palm oil (CPO). The company is an upstream operator with primary business activities in the cultivation and harvesting of oil palms, and the processing of fresh fruit bunches into CPO for local and export sales.
For a more detailed analysis, click on the link to access the report.
Take advantage of the stock 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.
