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 three companies listed on the Singapore Exchange (SGX). First, SATS Ltd (SGX: S58), whose price action indicates the first stage of a bullish reversal to the upside. Second, Beng Kuang Marine Ltd (SGX: BEZ), showing potential for long-term bullish continuation. And third, COSCO SHIPPING International (Singapore) Co Ltd (SGX: F83), displaying a strong bullish continuation.
Below are some key highlights from the technical reports:
SATS Ltd
Market Position: SATS is designated as a ‘Technical Buy’ after it indicates a first light of bullish reversal.
Entry Prices and Support Levels: Recommended entry points are at S$2.63, S$2.53, and S$2.44, with support levels established at S$2.60 and S$2.45.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$2.39. The resistance levels identified are at S$2.72 and S$3.02.
Target Prices: Target prices are set at S$2.83, S$2.96, S$3.11 and S$3.28.
Company Overview: SATS specializes in airfreight, ramp and baggage handling, passenger services, aviation security services, aircraft cleaning, and cruise center management.
For a more detailed analysis, click on the link to access the report.
Beng Kuang Marine Ltd
Market Position: Beng Kuang Marine is designated as a ‘Technical Buy’ after it shows that a corrective flat correction likely to be over.
Entry Prices and Support Levels: Recommended entry points are at S$0.183, S$0.156, and S$0.136, with support levels established at S$0.156 and S$0.125.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.123. The resistance levels identified are at S$0.176 and S$0.200.
Target Prices: Target prices are set at S$0.175, S$0.180, S$0.190 and S$0.200.
Company Overview: Beng Kuang Marine provides corrosion prevention and infrastructure engineering services.
For a more detailed analysis, click on the link to access the report.
COSCO SHIPPING International (Singapore) Co Ltd
Market Position: COSCO SHIPPING is designated as a ‘Technical Buy’ after it displays a bullish breakout.
Entry Prices and Support Levels: Recommended entry points are at S$0.158, S$0.145, and S$0.135, with support levels established at S$0.151 and S$0.135.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.129. The resistance levels identified are at S$0.176 and S$0.200.
Target Prices: Target prices are set at S$0.205, S$0.230, S$0.250 and S$0.270.
Company Overview: COSCO SHIPPING’s business portfolio includes logistics, dry bulk shipping, ship repair and marine engineering, as well as property management.
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.
