Stocks with Momentum: China Aviation Oil and Jardine Matheson

February 6, 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 China Aviation Oil Corp Ltd (SGX: G92) and Jardine Matheson Holdings Ltd(SGX: J36), both of which are displaying promising technical indicators suggesting a technical buy.

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

China Aviation Oil Corp

  • Market Position: Technical Buy at last price of $0.890.
  • Entry Prices: $0.890, $0.840, $0.780 with supports at $0.835 and $0.730.
  • Stop Loss: $0.720, with resistance at $0.920 and $1.02.
  • Target Prices: $0.970, $1.04, $1.10, $1.15.
  • Overview: Supplies jet fuel and trades in other oil products, showing signs of a bullish reversal.

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

Jardine Matheson

  • Market Position: Technical Buy at last price of $41.68.
  • Entry Prices: $41.68, $39.50, $38.90 with supports at $38.78 and $36.25.
  • Stop Loss: $37.60, with resistance at $41.81 and $45.11.
  • Target Prices: $43.52, $45.10, $47.80, $50.00.
  • Overview: A diversified conglomerate with positive indicators for a strong breakout soon.

For more detailed analysis, click on link to access to 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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