In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing. In this article, we highlight Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6) and Wee Hur Holdings Ltd (SGX: E3B), which are showing uptrend potential. Key highlights from the technical report:

Yangzijiang Shipbuilding Holdings Ltd

Market Position: Yangzijiang Shipbuilding is designated as a ‘technical buy.’ The stock is likely to rise, breaking resistance levels. Entry Prices and Support Levels: Recommended entry points are at S$2.65, S$2.45, and S$2.41, with established support levels at S$2.46 and S$2.30. Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.20. Identified resistance levels are at S$2.72 and S$3.05. Target Prices: Set at S$2.95, S$3.50, S$3.87, and S$3.98. Company Overview: Yangzijiang Shipbuilding builds a wide range of ships. The company produces various commercial vessels, including mini bulk carriers, multipurpose cargo vessels, containerships, chemical tankers, offshore supply vessels, rescue and salvage vessels, and lifting vessels. For a more detailed analysis, click on the link to access the report.

Wee Hur Holdings Ltd

Market Position: Wee Hur has a ‘technical buy’ call. The stock has been steadily rising for the past four months, and any selling pressure has been minor since it broke through the resistance level. Entry Prices and Support Levels: Recommended entry points are at S$0.480, S$0.410, and S$0.380, with established support levels at S$0.380 and S$0.315. Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.320. Identified resistance levels are at S$0.560 and S$0.610. Target Prices: Set at S$0.605, S$0.780, S$0.870, and S$0.900. Company Overview: Wee Hur provides building construction services and acts as the management or main contractor in construction projects for both private and public sectors. The company’s clients from the private sector include property owners and developers, while those from the public sector comprise government bodies and statutory boards. 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.