In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we examine SATS Ltd (SGX: S58) and Oversea-Chinese Banking Corp Ltd (OCBC) (SGX: O39), which are indicating bullish signals, as well as Keppel DC REIT (SGX: AJBU), which is indicating a bearish signal.
Key highlights from the technical report:
SATS
Market Position: SATS is designated as a ‘technical buy’ as the price action shows a strong uptrend in its early stage.
Entry Prices and Support Levels: Recommended entry points are at S$3.98, S$3.76, and S$3.57, with established support levels at S$3.80 and S$3.46.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$3.44. Identified resistance levels are at S$4.24 and S$4.42.
Target Prices: Set at S$4.22, S$4.61, S$5.00, and S$5.20.
Company Overview: SATS Ltd. offers gateway services and food solutions, specializing in airfreight, ramp and baggage handling, passenger services, aviation security, aircraft cleaning, and cruise center management. They also provide airline and institutional catering, aviation laundry, and food distribution and logistics. SATS operates across Asia and the Middle East.
For a more detailed analysis, click on the link to access the report.
Keppel DC REIT
Market Position: Keppel DC REIT is designated as a ‘technical sell’ as the stock is showing signs of a bearish reversal.
Entry Prices and Support Levels: Recommended entry points are at S$2.14, S$2.23, and S$2.30, with established support levels at S$1.99 and S$1.76.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.38. Identified resistance levels are at S$2.14 and S$2.36.
Target Prices: Set at S$1.92, S$1.77, S$1.70, and S$1.66.
Company Overview: Keppel DC REIT, Asia’s first pure-play data centre REIT listed on the Singapore Exchange, invests in a diversified portfolio of income-producing real estate assets primarily used for data centres and related purposes.
For a more detailed analysis, click on the link to access the report.
OCBC
Market Position: OCBC is designated as a ‘technical buy’ after the stock displays a strong uptrend.
Entry Prices and Support Levels: Recommended entry points are at S$15.88, S$14.56, and S$14.10, with established support levels at S$14.89 and S$14.03.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$13.44. Identified resistance levels are at S$16.00 and S$16.20.
Target Prices: Set at S$16.22, S$16.68, S$17.20, and S$18.10.
Company Overview: OCBC offers a comprehensive range of financial services. The company’s services include deposit-taking, corporate, enterprise, and personal lending, international trade financing, investment banking, private banking, treasury, stockbroking, insurance, credit cards, cash management, asset management, and other financial and related services.
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.
