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 Nio Inc. (SGX: NIO), whose price action is likely to see further bullish action, and Geo Energy Resources Ltd (SGX: RE4), as it shows a strong bullish reversal.
Below are some key highlights from the technical reports:
Nio Inc.
- Market Position: Nio is designated as a ‘Technical Buy’. The stock has broken out of a larger nine-month period downtrend line and managed to sustain above the bullish gap.
- Entry Prices and Support Levels: Recommended entry points are at US$5.50, US$4.60, and US$4.00, with support levels established at US$4.67 and US$3.70.
- Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at US$3.43. The resistance levels identified are at US$6.42 and US$8.10.
- Target Prices: Target prices are set at US$7.08, US$9.40, US$10.10 and US$11.18.
- Company Overview: Nio manufactures and sells automobiles. The company offers electric vehicles and parts, as well as provides battery charging services.
For a more detailed analysis, click on the link to access the report.
Geo Energy Resources Ltd
- Market Position: Geo Energy Resources is designated as a ‘Technical Buy’. The stock has broken free from a previous resistance level, and it looks like buyers are taking charge.
- Entry Prices and Support Levels: Recommended entry points are at S$0.325, S$0.300, and S$0.280, with support levels established at S$0.310 and S$0.265.
- Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.26. The resistance levels identified are at S$0.365 and S$0.445.
- Target Prices: Target prices are set at S$0.37, S$0.40, S$0.45, and S$0.48.
- Company Overview: Geo Energy Resources 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.
Take advantage of the stock momentum.
Our goal is straightforward: 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.
