In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we examine Centurion Corporation Ltd (SGX: OU8) and Chasen Holdings Ltd (SGX: 5NV), both of which are indicating bullish signals.
Key highlights from the technical report:
Centurion Corporation
Market Position: Centurion Corporation is designated as a ‘technical buy’ because the price action indicates a strong uptrend is likely to continue.
Entry Prices and Support Levels: Recommended entry points are at S$0.895, S$0.800, and S$0.740, with established support levels at S$0.800 and S$0.710.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.690. Identified resistance levels are at S$1.00 and S$1.26.
Target Prices: Set at S$0.96, S$1.08, S$1.14, and S$1.20.
Company Overview: Centurion Corporation Limited provides purpose-built workers’ and student accommodation services. Centurion owns, develops, and manages quality, purpose-built workers’ accommodation assets.
For a more detailed analysis, click on the link to access the report.
Chasen Holdings
Market Position: Chasen Holdings is designated as a ‘technical buy’ because the stock suggests a bullish continuation to the upside.
Entry Prices and Support Levels: Recommended entry points are at S$0.111, S$0.100, and S$0.090, with established support levels at S$0.092 and S$0.074.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.079. Identified resistance levels are at S$0.113 and S$0.160.
Target Prices: Set at S$0.140, S$0.168, S$0.220, and S$0.250.
Company Overview: Chasen, through its subsidiaries, offers industrial relocation and warehousing services. It engages in the provision of machinery and equipment moving services through projects, maintenance contracts, and third-party logistics.
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.
