In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.
In this article, we’re highlighting CDL Hospitality Trusts (SGX: J85), which appears to have broken free from the downward trend and is poised for a bullish resurgence. Additionally, we’re focusing on Nanofilm Technologies International Ltd (SGX: MZH) as its price action indicates a slowdown in selling pressure and early stages of upward movement.
Below are some key highlights from the technical reports:
CDL Hospitality Trusts
- Market Position: CDL Hospitality is designated as a ‘Technical Buy’ after it shows a potential bullish double bottom.
- Entry Prices and Support Levels: Recommended entry points are at S$0.99, S$0.95, and S$0.93, with support levels established at S$0.955 and S$0.935.
- Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.92. The resistance levels identified at S$1.02 and S$1.13.
- Target Prices: Target prices are set at S$1.04, S$1.12, S$1.20, and S$1.28.
- Company Overview: CDL Hospitality Trusts is a stapled group comprising of CDL Hospitality Real Estate Investment Trust (H-REIT) and CDL Hospitality Business Trust (HBT). The Trusts invest in a portfolio of hospitality and/or hospitality-related income-producing real estate assets, with emphasis in the Asia Pacific region.
For a more detailed analysis, click on the link to access the report.
Nanofilm Technologies International Ltd
- Market Position: Nanofilm Technologies is classified as a ‘Technical Buy’ after price action indicates a bullish mean-reversion.
- Entry Prices and Support Levels: Recommended entry points are at S$0.695, S$0.660, and S$0.620, with support levels established at S$0.670 and S$0.600.
- Stop Loss and Resistance Levels: A stop loss is set at S$0.580 to mitigate risks. The resistance levels are projected at S$0.790 and S$0.950.
- Target Prices: Target prices set by the analysis are S$0.760, S$0.800, S$0.820, and S$0.930.
- Company Overview: Nanofilm Technologies provides nanotechnology solutions. The company specializes in advanced materials and nanoproducts.
For a more detailed analysis, click on the link to access the report.
Take advantage of the stock momentum
Our goal is straightforward: 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.
