In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
The article explores the analysis of two Singapore-listed companies with upside potential: CapitaLand Ascendas Real Estate Investment Trust (REIT) (CLAR) (SGX: A17U) and SATS Ltd (SGX: S58).
Below are some key highlights from the technical reports:
CapitaLand Ascendas REIT
Market Position: CapitaLand Ascendas REIT is considered a ‘Technical Buy’ as price action confirms an upside reversal.
Entry Prices and Support Levels: Recommended entry points are at S$2.72, S$2.67, and S$2.58, with established support levels at S$2.69 and S$2.53.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.50. Resistance levels identified are at S$2.83 and S$2.97.
Target Prices: Set at S$2.86, S$2.90, S$2.94 and S$3.05.
Company Overview: CLAR invests in business and science park properties, integrated development, amenities, and retail (IDAR) properties, high-specifications industrial properties and data centers, light industrial and flatted factories, and logistics and distribution centers.
For a more detailed analysis, click on the link to access the report.
SATS
Market Position: SATS is designated as a ‘Technical Buy’ as it has returned to the uptrend and formed a series of higher high and low since breaking out of the range.
Entry Prices and Support Levels: Recommended entry points are at S$3.28, S$3.10, and S$3.01, with support levels established at S$3.21 and S$3.08.
Stop Loss and Resistance Levels: A stop loss is advised at S$2.94. Resistance levels are at S$3.60 and S$4.00.
Target Prices: Set at S$3.41, S$3.68, S$3.81, and S$4.00.
Company Overview: SATS provides gateway services and food solutions. The company specializes in airfreight, ramp and baggage handling, passenger services, aviation security services, aircraft cleaning, and cruise centre management. It also provides airline catering, institutional catering, aviation laundry, and food distribution and logistics.
For a more detailed analysis, click on the link to access the report.
Take advantage of the stock 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.
