In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we examine Geo Energy Resources Ltd (SGX: RE4) and DFI Retail Group Holdings Ltd (SGX: D01), both designated as ‘technical buys’ due to their bullish price action.
Key highlights from the technical report:
Geo Energy Resources
Market Position: Geo Energy experienced a significant upward movement, indicating a rebound and the start of an early uptrend.
Entry Prices and Support Levels: Recommended entry points are at S$0.305, S$0.270, and S$0.220, with established support levels at S$0.270 and S$0.225.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.195. Identified resistance levels are at S$0.300 and S$0.380.
Target Prices: Set at S$0.380, S$0.400, S$0.430, and S$0.500.
Company Overview: Geo Energy Resources is an integrated coal mining specialist. The company owns and operates coal mines, offers mine contracting services to third-party mine owners, and sells coal to both coal traders and coal export companies.
For a more detailed analysis, click on the link to access the report.
DFI Retail Group
Market Position: The stock has broken out of its long-term downtrend and mid-term range and is now forming higher highs and lows.
Entry Prices and Support Levels: Recommended entry points are at US$2.30, US$2.10, and US$1.86, with established support levels at US$2.10 and US$1.84.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at US$1.68. Identified resistance levels are at US$2.35 and US$2.76.
Target Prices: Set at US$2.68, US$2.75, US$3.08, and US$3.30.
Company Overview: DFI Retail Group is a holding company that operates retail stores, including supermarkets, drugstores, and convenience stores.
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.
