Stock with Momentum: Q&M Dental Group

January 10, 2024

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

In this article, we focus on Q&M Dental Group (S) Limited (SGX: QC7), which price action is showing a strong positive upside and could likely see a mean reversion to the upside.

Here is a look at some of the key highlights of the technical report.

  • Current Market Position: Q&M Dental Group, trading at a last price of S$0.260, is exhibiting a bullish mean reversion, indicating a potential upward trend in its stock price.
  • Investment Details: For potential investors, the entry price points are S$0.260, S$0.250, and S$0.230. The support levels are at S$0.240 and S$0.215, with a stop loss set at S$0.220. Key resistance levels are S$0.280 and S$0.320.
  • Target Prices: The target prices are set at S$0.290, S$0.310, S$0.330, and S$0.360, offering multiple levels for potential profit realization.
  • Company Overview: Q&M Dental Group operates dental clinics, providing a range of services including aesthetic, children’s, and general dentistry, fitting crowns, dentures, braces, and treatments for bleeding gums, gum surgery, oral surgery, snoring, and teeth grinding.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Disclaimer in the report attached.

Chua Wei Ren, CMT

With over 12 years’ experience, Wei Ren is a market strategist who specialises in Technical Analysis and Macro Economics. Leveraging core price action trading strategy with classical technical analysis to spot market movements for entries and exits, he believes that historical data plays a pertinent role in how market prices would impact future trades. Wei Ren also writes for CGSi Trendspotter, a daily market outlook report that aims to identify trading ideas in Singapore, as well as China and Hong Kong’s equity markets. A seasoned presenter, he has been hosting live webinars since the start of his career as a market strategist and has been featured on various mainstream media platforms including The Business Times ‘Chart Point’ and Capital 95.8.

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