Stock with Momentum: Asian Pay Television Trust

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.

In this article, we focus on Asian Pay Television Trust (SGX: S7OU), whose price action suggests a potential bottoming out and indicates it is looking to resume its uptrend.

Key highlights from the technical reports:

Asian Pay Television Trust 

Market Position: We have issued a ‘technical buy’ call on Asian Pay Television Trust, which has formed an inverted head and shoulder pattern, with a recent breakout above S$0.082 confirming the upside.

Entry Prices and Support Levels: Recommended entry points are at S$0.084, S$0.082, and S$0.078, with established support levels at S$0.082 and S$0.076.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.075. Identified resistance levels are at S$0.086 and S$0.098.

Target Prices: Set at S$0.090, S$0.097, S$0.140, and S$0.180.

Company Overview: Asian Pay Television Trust operates as a cable operator, providing cable television and broadcasting services. The company owns, operates, and maintains cash-generative pay-TV and broadband businesses, serving customers in Taiwan, Hong Kong, Japan, and Singapore.

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.