In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we examine Hongkong Land Holdings Ltd (SGX: H78) and Singapore Technologies Engineering Ltd (SGX: S63), both designated as ‘technical buys’ due to their bullish trends.
Key highlights from the technical report:
Hongkong Land Holdings
Market Position: Hongkong Land has formed a series of higher highs and lows, within the uptrend channel, which is indicative of an early uptrend.
Entry Prices and Support Levels: Recommended entry points are at US$3.90, US$3.63, and US$3.50, with established support levels at US$3.80 and US$3.49.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at US$3.26. Identified resistance levels are at US$4.72 and US$4.20.
Target Prices: Set at US$4.16, US$4.43, US$4.71, and US$5.16.
Company Overview: Hongkong Land operates as a property investment, development, and management company. The company owns and manages prime offices and luxury retail properties in Asian gateway cities, principally in Hong Kong and Singapore.
For a more detailed analysis, click on the link to access the report.
ST Engineering
Market Position: ST Engineering has stayed within the uptrend channel for the past two years, and the secondary uptrend line has been healthy for the past eight months.
Entry Prices and Support Levels: Recommended entry points are at S$4.69, S$4.57, and S$4.36, with established support levels at S$4.59 and S$4.36.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$4.22. Identified resistance levels are at S$4.79 and S$5.50.
Target Prices: Set at S$4.90, S$5.06, S$5.26, and S$5.50.
Company Overview: ST Engineering is a global technology, defense, and engineering group. The company uses technology and innovation to solve problems and improve lives through its diverse portfolio of businesses across the aerospace, smart city, defense, and public security segments.
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.
