Stock with Momentum: Sinarmas Land

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

In this article, we examine Sinarmas Land Ltd (SGX: A26), whose price action shows signs of a bullish continuation from the bottom.

Key highlights from the technical report:

Sinarmas Land

Market Position: Sinarmas Land is currently considered a ‘technical buy’. The stock has broken out of a long-term pattern and closed above key moving averages, confirming an upward trend.

Entry Prices and Support Levels: Recommended entry points are at S$0.255, S$0.240, and S$0.230, with established support levels at S$0.240 and S$0.210.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.215. Identified resistance levels are at S$0.290 and S$0.320.

Target Prices: Set at S$0.290, S$0.300, S$0.320, and S$0.350.

Company Overview: Sinarmas Land invests in, develops, and manages real estate. The company owns commercial buildings, hotels, and resorts in China, Indonesia, Malaysia, 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.