In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we highlight DFI Retail Group Holdings Ltd (SGX: D01) and Singapore Exchange Ltd (SGX: S68), as their price action shows a bullish outlook.
Key highlights from the technical report:
DFI Retail Group
Market Position: We maintained our ‘technical buy’ on DFI Retail as the stock exhibits the potential for an early uptrend. Despite a recent correction, DFI Retail managed to break out of the falling wedge formation.
Entry Prices and Support Levels: Recommended entry points are US$2.37, US$2.20, and US$2.17, with established support levels at US$2.20 and US$1.99.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at US$1.98. The identified resistance levels are US$2.38 and US$2.68.
Target Prices: Set at US$2.68, US$2.75, US$3.08, and US$3.30.
Company Overview: DFI Retail Group focuses on retail stores such as supermarkets, drugstores, and convenience stores, serving customers across Asia.
For a more detailed analysis, click on the link to access the report.
Singapore Exchange
Market Position: SGX rebounded above the S$12.17 resistance-turned-support level and surpassed our first target price of S$12.37, demonstrating sustained bullish momentum. Therefore, we are adding to our ‘technical buy’ position.
Entry Prices and Support Levels: Recommended entry points are at S$12.71, S$12.00, and S$11.50, with established support levels at S$12.17 and S$11.69.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$11.27. The identified resistance levels are S$13.10 and S$14.17.
Target Prices: Set at S$13.50, S$14.08, S$15.90, and S$17.11.
Company Overview: SGX owns and operates Singapore’s securities and derivatives exchange and their related clearing houses. The company also provides ancillary securities processing and information technology services to participants in the financial sector.
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.
