Focus On Sinarmas Land: Signs Of Sustained Bullish Momentum
In this article, we will analyze the technical action of Sinarmas Land Ltd, a stock that is currently showing signs of continued bullishness from the bottom.
In this article, we will analyze the technical action of Sinarmas Land Ltd, a stock that is currently showing signs of continued bullishness from the bottom.
Sinarmas Land Ltd:
Market positioning: Sinarmas Land is currently regarded as a "technology buy" stock. The stock broke through the long-term pattern and closed above the key moving average, confirming its upward trend.
Entry & Support Levels: Suggested buy points are S$0.255, S$0.240 and S$0.230, with support levels established at S$0.240 and S$0.210.
Stop Loss and Resistance: In order to protect the investment, it is recommended to set a Stop Loss at S$0.215. Resistance levels are S$0.290 and S$0.320.
Target prices: Target prices are set at S$0.290, S$0.300, S$0.320 and S$0.350.
Sinarmas Land is principally engaged in real estate investment, development and management, owning commercial buildings, hotels and resorts in China, Indonesia, Malaysia and Singapore.
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