Stocks with Momentum: Yoma Strategic, Yanlord Land, and StarHub

May 15, 2024

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 Yoma Strategic Holdings Ltd (SGX: Z59) and Yanlord Land Group Ltd (SGX: Z25), as their price actions indicate both stocks are likely to trend higher. Additionally, StarHub Ltd (SGX: CC3) shows strong upside momentum.

Below are some key highlights from the technical reports:

Yoma Strategic Holdings Ltd 

  • Market Position: Yoma Strategic is designated as a ‘Technical Buy’ as the stock has displayed strong signs of bullish continuation.
  • Entry Prices and Support Levels: Recommended entry points are at S$0.061, S$0.050, and S$0.046, with support levels established at S$0.051 and S$0.041
  • Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.039. The resistance levels identified are at S$0.066 and S$0.088.
  • Target Prices: Target prices are set at S$0.075, S$0.080, S$0.087, and S$0.093.
  • Company Overview: Yoma Strategic develops, constructs, and sells private and residential real estate properties.

For a more detailed analysis, click on the link to access the report.

Yanlord Land Group Ltd 

  • Market Position: Yanlord Land is designated as a ‘Technical Buy’ as its technical indicators showed that a bullish reversal is set.
  • Entry Prices and Support Levels: Recommended entry points are at S$0.47, S$0.43, and S$0.40, with support levels established at S$0.43 and S$0.39.
  • Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.38. The resistance levels identified are at S$0.50 and S$0.62.
  • Target Prices: Target prices are set at S$0.56, S$0.58, S$0.61, and S$0.80.
  • Company Overview: Yanlord Land develops high-end residential property projects in China.

For a more detailed analysis, click on the link to access the report.

StarHub Ltd 

  • Market Position: Starhub is designated as a ‘Technical Buy’ as the stock has been trending upwards for the past five months.
  • Entry Prices and Support Levels: Recommended entry points are at S$1.26, S$1.20, and S$1.14, with support levels established at S$1.20 and S$1.15.
  • Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$1.09. The resistance levels identified are at S$1.27 and S$1.40.
  • Target Prices: Target prices are set at S$1.31, S$1.40, S$1.57, and S$1.63.
  • Company Overview: StarHub is a fully integrated info-communication company offering a full range of information, communications, and entertainment services for both consumer and corporate markets in Singapore.

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.

Chua Wei Ren, CMT

With over 12 years’ experience, Wei Ren is a market strategist who specialises in Technical Analysis and Macro Economics. Leveraging core price action trading strategy with classical technical analysis to spot market movements for entries and exits, he believes that historical data plays a pertinent role in how market prices would impact future trades. Wei Ren also writes for CGSi Trendspotter, a daily market outlook report that aims to identify trading ideas in Singapore, as well as China and Hong Kong’s equity markets. A seasoned presenter, he has been hosting live webinars since the start of his career as a market strategist and has been featured on various mainstream media platforms including The Business Times ‘Chart Point’ and Capital 95.8.

Share this

Subscribe to our weekly
newsletter and stay updated!