In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we explore the analysis of two Singapore-listed companies showing upside potential: Digital Core Real Estate Investment Trust (REIT) (SGX: DCRU) and China Aviation Oil (Singapore) Corporation Ltd (SGX: G92).
Below are some key highlights from the technical reports:
Digital Core REIT
Market Position: Digital Core REIT is considered a ‘Technical Buy’ as indicators suggest that the stock is currently in an uptrend with positive momentum and increasing trading volume.
Entry Prices and Support Levels: Recommended entry points are at US$0.64, US$0.59, and US$0.56, with established support levels at US$0.61 and US$0.535.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at US$0.52. Resistance levels identified are at US$0.64 and US$0.675.
Target Prices: Set at US$0.68, US$0.715, US$0.77 and US$0.80.
Company Overview: Digital Core REIT is a pure play data center Singapore REIT with strategy of investing in income-producing real estate assets globally primarily used for data center purposes, as well as assets necessary to support the digital economy.
For a more detailed analysis, click on the link to access the report.
China Aviation Oil (Singapore) Corporation
Market Position: China Aviation Oil is designated as a ‘Technical Buy’ with price action signaling further upside to come.
Entry Prices and Support Levels: Recommended entry points are at S$0.89, S$0.85, and S$0.83, with support levels established at S$0.845 and S$0.73.
Stop Loss and Resistance Levels: A stop loss is advised at S$0.81. Resistance levels are at S$0.915 and S$1.02.
Target Prices: Set at S$0.94, S$1.04, S$1.10, and S$1.15.
Company Overview: China Aviation Oil supplies jet fuel to foreign and domestic airlines flying through China’s airports. The company also trades in other oil products, including physical and paper swaps and futures trading.
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.
