In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we look at Jardine Matheson Holdings Ltd (SGX: J36) and Olam International Ltd (SGX: O32), both indicating bullishness.
Key highlights from the technical report:
Jardine Matheson Holdings Ltd
Market Position: Jardine Matheson Holdings is designated as a ‘technical buy’ as the stock has broken out of the long-term downtrend line and has also formed a series of higher highs and lows.
Entry Prices and Support Levels: Recommended entry points are at US$40.66, US$38.30, and US$36.00, with established support levels at US$36.88 and US$33.75.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at US$34.40. Identified resistance levels are at US$41.44 and US$45.23.
Target Prices: Set at US$44.25, US$50.10, US$56.10, and US$60.16.
Company Overview: Jardine Matheson Holdings, through its subsidiaries, focuses on motor vehicles, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, transport services, restaurants, luxury hotels, financial services, heavy equipment, mining, energy, and agribusiness.
For a more detailed analysis, click on the link to access the report.
Olam International Ltd
Market Position: Olam International is designated as a ‘technical buy’ after its price action shows positive continuation to the upside.
Entry Prices and Support Levels: Recommended entry points are at S$1.20, S$1.10, and S$1.05, with established support levels at S$1.04 and S$0.89.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.96. Identified resistance levels are at S$1.26 and S$1.60.
Target Prices: Set at S$1.32, S$1.38, S$1.44, and S$1.63.
Company Overview: Olam International is an international integrated supplier of both raw and processed agricultural commodities. The group sources, processes, stores, transports, ships, distributes, trades, and markets agricultural products. Olam International also provides insurance-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.
