In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we focus on UMS Integration Ltd (SGX: 558) and Hong Leong Asia Ltd (SGX: H22), both of which are showing bullishness.
Key highlights from the technical reports:
UMS Integration
Market Position: We have a ‘technical buy’ call on UMS Integration for showing signs of an early uptrend that is poised to go higher.
Entry Prices and Support Levels: Recommended entry points are at S$1.10, S$1.05, and S$0.98, with established support levels at S$1.06 and S$0.96.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.94. Identified resistance levels are at S$1.16 and S$1.30.
Target Prices: Set at S$1.24, S$1.32, S$1.40, and S$1.70.
Company Overview: UMS Integration manufactures precision front-end semiconductor components, performs electromechanical assembly and final testing services, and produces modular and integration systems for OEM equipment manufacturers.
For a more detailed analysis, click on the link to access the report.
Hong Leong Asia
Market Position: We have a ‘technical buy’ call on Hong Leong Asia for being in a steady uptrend channel since July 2024. Despite a slight correction, the stock continues to display strong bullish momentum.
Entry Prices and Support Levels: Recommended entry points are at S$1.01, S$0.930, and S$0.870, with established support levels at S$0.910 and S$0.815.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.810. Identified resistance levels are at S$1.06 and S$1.20.
Target Prices: Set at S$1.12, S$1.25, S$1.40, and S$2.10.
Company Overview: Hong Leong Asia is the trade and industry arm of Singapore conglomerate Hong Leong Group. The company’s management portfolio includes diesel engines, building materials supply chain, rigid plastic packaging, air-conditioning systems, as well as hospitality and property development.
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.
