Stocks with Momentum: Marco Polo Marine and CSE Global

March 21, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we examine Marco Polo Marine Ltd (SGX: 5LY) and CSE Global Ltd (SGX: 544), both displaying signs of a potential uptrend continuation in their price action.

Here is a look at some of the key highlights of the technical reports:

Marco Polo Marine Ltd

  • Market Position: Technical Buy at last price of S$0.059.
  • Entry Prices: S$0.059, S$0.055, and S$0.050 with supports at S$0.054 and S$0.049.
  • Stop Loss and Resistance Levels: A stop loss is advised at S$0.048, with resistance points at S$0.060 and S$0.070.
  • Target Prices: S$0.065, S$0.070, S$0.080, and S$0.085.
  • Overview: Marco Polo Marine is an integrated shipping company which services include ship chartering, ship building and repair, and brokering services.

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

CSE Global Ltd

  • Market Position: Technical Buy at last price of S$0.43.
  • Entry Prices: S$0.43, S$0.41, and S$0.40 with supports at S$0.415 and S$0.385.
  • Stop Loss and Resistance Levels: A stop loss is advised at S$0.38, with resistance points at S$0.445 and S$0.495.
  • Target Prices: S$0.48, S$0.51, S$0.52, and S$0.54.
  • Overview: CSE Global provides systems integration and information technology solutions, computer network systems, and industrial automation.

For more detailed analysis, click on the 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.

Share this

Subscribe to our weekly
newsletter and stay updated!