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 two companies—Singapore Telecommunications Ltd (Singtel) (SGX: Z74) and BRC Asia Ltd (SGX: BEC)—both of which have been experiencing upward momentum and show potential for continued growth.
Key highlights from the two technical reports:
Singtel
Market Position: Designated as a ‘technical buy,’ Singtel has demonstrated a strong uptrend since October 2023, consistently holding above the S$3.20 level. The stock has formed a bullish flag pattern, suggesting further upside potential in the near term.
Entry Prices and Support Levels: Recommended entry points are at S$3.32, S$3.20, and S$3.06, with established support levels at S$3.20 and S$3.01.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.92. Identified resistance levels are at S$3.42 and S$3.80.
Target Prices: Set at S$3.55, S$3.60, S$3.80, and S$4.20.
Company Overview: Singtel provides wireless telecommunication services. The company offers a diverse range of services, including fixed, mobile, data, internet, TV, and digital solutions.
For a more detailed analysis, click on the link to access the report.
BRC Asia
Market Position: With a ‘technical buy’ recommendation, BRC Asia has been in a steady uptrend since November 2023. The stock recently broke out of a pennant formation, confirming the continuation of its bullish trend.
Entry Prices and Support Levels: Recommended entry points are at S$3.08, S$2.90, and S$2.78, with established support levels at S$2.81 and S$2.65.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.67. Identified resistance levels are at S$3.09 and S$3.70.
Target Prices: Set at S$3.20, S$3.70, S$4.10, and S$5.20.
Company Overview: BRC Asia designs, manufactures, and markets steel mesh. Its products include non-standard and customized mesh, prefabricated beam and column cages, reinforcement, staggered mesh, twin-wire mesh, and pile cap cages.
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.
