In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we highlight Riverstone Holdings Ltd (SGX: AP4), which is showing a bullish trend, and CapitaLand Investment Ltd (SGX: 9CI), which is indicating a downtrend.
Key highlights from the technical report:
Riverstone Holdings Ltd
Market Position: Riverstone Holdings is designated as a ‘technical buy’ due to its consistent positive signals, maintaining an uptrend since March 2022.
Entry Prices and Support Levels: Recommended entry points are at S$1.00, S$0.94 and S$0.87, with established support levels at S$0.935 and S$0.790.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.84. Identified resistance levels are at S$1.01 and S$1.20.
Target Prices: Set at S$1.06, S$1.15, S$1.25, and S$1.55.
Company Overview: Riverstone produces, sells, and distributes clean-room products for use in highly controlled and critical environments. The company’s products include nitrile and natural rubber gloves, clean-room packaging materials, finger cots, face masks, face pouches, hoods, caps, jumpsuits, and swabs.
For a more detailed analysis, click on the link to access the report.
CapitaLand Investment Ltd
Market Position: CapitaLand Investment has been switched to a ‘technical sell’ as it has formed a large bearish candle and broken below the support-turned-resistance level at S$2.84.
Entry Prices and Support Levels: Recommended entry points are at S$2.78, S$2.91, and S$3.00, with established support levels at S$2.57 and S$2.38.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$3.12. Identified resistance levels are at S$2.84 and S$3.10.
Target Prices: Set at S$2.48, S$2.36, and S$2.20.
Company Overview: CapitaLand Investment is a global real estate investment manager aiming to scale its funds under management (FUM) and fee-related earnings through its comprehensive investment management and operating capabilities. The company’s portfolio includes integrated developments, retail, office, lodging, and new economy assets, either owned or managed directly or through its fund management platform
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.
