In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we highlight Jardine Cycle & Carriage Ltd (SGX:C07) due to incoming bearish pressure, and LHN Ltd (SGX: 41O) for its strong and steady uptrend.
Key highlights from the technical report:
Jardine Cycle & Carriage
Market Position: We are reversing our ‘technical buy’ to a ‘technical sell’ as the stock’s price action indicates a potential larger downside correction.
Entry Prices and Support Levels: Recommended entry points are at S$28.08 and S$29.15, with established support levels at S$27.94 and S$26.29.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$29.90. The identified resistance level is S$30.00.
Target Prices: Set at S$26.60, S$25.00, and S$24.00.
Company Overview: Jardine Cycle & Carriage, through its subsidiaries, invests in automotive, consumer finance, utilities and infrastructure, heavy equipment and mining, property, agribusiness, cement, and consumer products businesses.
For a more detailed analysis, click on the link to access the report.
LHN
Market Position: LHN is designated a ‘technical buy’ due to positive price action, which is likely to trend higher given the strong momentum.
Entry Prices and Support Levels: Recommended entry points are at S$0.515, S$0.480, and S$0.440, with established support levels at S$0.480 and S$0.435.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.400. Identified resistance levels are at S$0.535 and S$0.620.
Target Prices: Set at S$0.600, S$0.650, S$0.700, and S$0.780.
Company Overview: LHN provides property management services, including industrial, commercial, and residential property management. Additionally, the company offers logistics solutions.
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.
