In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we examine Nanofilm Technologies International Ltd (SGX: MZH) and Singapore Airlines Ltd (SGX: C6L), both designated as ‘technical buys’, due to their bullish price action.
Key highlights from the technical report:
Nanofilm Technologies International
Market Position: Nanofilm Technologies has reverted to the upside with renewed buying pressure.
Entry Prices and Support Levels: Recommended entry points are at S$0.865, S$0.800, and S$0.750, with established support levels at S$0.830 and S$0.660.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.650. Identified resistance levels are at S$0.930 and S$1.03.
Target Prices: Set at S$0.96, S$1.03, S$1.12, and S$1.20.
Company Overview: Nanofilm Technologies provides nanotechnology solutions, specializing in advanced materials and nanoproducts.
For a more detailed analysis, click on the link to access the report.
Singapore Airlines
Market Position: Singapore Airlines shows strong bullish continuation with a 3-year uptrend remaining intact, and volume returning to healthy levels.
Entry Prices and Support Levels: Recommended entry points are at S$6.80, S$6.45, and S$6.30, with established support levels at S$6.37 and S$5.86.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$6.10. Identified resistance levels are at S$6.89 and S$7.19.
Target Prices: Set at S$7.00, S$7.22, S$7.35, and S$7.74.
Company Overview: Singapore Airlines provides air transportation, engineering, pilot training, air charter, and tour wholesaling services. The company’s airline operations cover Asia, Europe, the Americas, the Southwest Pacific, and Africa.
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.
