In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we look at DBS Group Holdings Ltd (SGX: D05), PropNex Ltd (SGX: OYY), and Seatrium Ltd (SGX: 5E2), all of which are showing positive trends.
Key highlights from the technical report:
DBS Group Holdings Ltd
Market Position: DBS Group Holdings is designated as a ‘technical buy’, and we expect DBS to experience steady long-term growth.
Entry Prices and Support Levels: Recommended entry points are at S$39.15, S$37.00, and S$36.00, with established support levels at S$37.90 and S$36.20.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$34.00. Identified resistance levels are at S$39.67 and S$44.52.
Target Prices: Set at S$41.30, S$42.14, S$43.32, and S$46.35.
Company Overview: DBS Group Holdings and its subsidiaries provide a variety of financial services. The company offers services including mortgage financing, lease and hire purchase financing, nominee and trustee services, funds management, corporate advisory, and brokerage. DBS Group also acts as the primary dealer in Singapore government securities.
For a more detailed analysis, click on the link to access the report.
PropNex Ltd
Market Position: PropNex is designated as a ‘technical buy’ and has a potential uptrend with a bullish start to the upside.
Entry Prices and Support Levels: Recommended entry points are at S$0.84, S$0.795, and S$0.76, with established support levels at S$0.795 and S$0.730.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.72. Identified resistance levels are at S$0.91 and S$1.07.
Target Prices: Set at S$0.92, S$1.00, S$1.10, and S$1.20.
Company Overview: PropNex operates as a real estate agency. The company offers business strategies, consultation, training, marketing support, and technological innovations for the real estate sector, including buying, selling, and renting of properties. PropNex serves customers in Singapore, Indonesia, and Malaysia.
For a more detailed analysis, click on the link to access the report.
Seatrium Ltd
Market Position: Seatrium is designated as a ‘technical buy’ after its price action shows signs of a bullish
continuation and is likely to trend higher.
Entry Prices and Support Levels: Recommended entry points are at S$1.97, S$1.80, and S$1.60, with established support levels at S$1.73 and S$1.48.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$1.45. Identified resistance levels are at S$2.10 and S$2.47.
Target Prices: Set at S$2.14, S$2.22, S$2.35, and S$2.50.
Company Overview: Seatrium offers engineering solutions for the offshore, marine, and energy industries. The company provides rigs and floaters, repairs and upgrades, offshore platforms, and specialized shipbuilding.
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.
