In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we examine Rex International Holding Ltd (SGX: 5WH) and Marco Polo Marine Ltd (SGX: 5LY), both designated as ‘technical buys’ due to their bullish trends.
Key highlights from the technical report:
Rex International Holding
Market Position: The stock rebounded strongly, breaking past the S$0.118 resistance (now support) from its previous low on February 26, 2024, with the rally supported by a spike in volume.
Entry Prices and Support Levels: Recommended entry points are at S$0.133, S$0.120, and S$0.100, with established support levels at S$0.118 and S$0.089.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.084. Identified resistance levels are at S$0.191 and S$0.250.
Target Prices: Set at S$0.155, S$0.190, S$0.200, and S$0.250.
Company Overview: Rex International is a production and exploration oil company with concessions in Norway and Oma.
For a more detailed analysis, click on the link to access the report.
Marco Polo Marine
Market Position: The stock has stayed within an uptrend channel for the past two years, with a robust secondary uptrend over the last eight months, continuing to show resilience and strong upward momentum.
Entry Prices and Support Levels: Recommended entry points are at S$0.058, S$0.050, and S$0.046, with established support levels at S$0.056 and S$0.048.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.038. Identified resistance levels are at S$0.065 and S$0.075.
Target Prices: Set at S$0.068, S$0.075, S$0.080, and S$0.090.
Company Overview: Marco Polo Marine is an integrated shipping company, providing services such as ship chartering, ship building and repair, and brokering services.
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.
