[SG Market] Strong Momentum: ST Engineering
In this article, we will focus on ST Engineering’s stock performance, whose price performance shows a strong upward trend which is expected to continue.
In this article, we will focus on the stock movement of Singapore Technologies Engineering (SGX: S63), whose price performance shows a strong upward trend, which is expected to continue. Here are the key takeaways from the technical report:
ST Engineering is a global technology, defense and engineering group. The company uses technology and innovation to solve problems and improve lives through its diversified business portfolio covering aerospace, smart cities, defense and public safety.
- Market Positioning: The stock has remained in an upward channel over the past two years, while the secondary upward trend line has also performed well over the past six months, showing a healthy upward trend and is currently a "technical buy".
- Entry Price and Support Levels: S$4.50, S$4.37 and S$4.26; Support Levels are S$4.47 and S$4.16.
- Stop Loss and Resistance Levels: Stop Loss is S$4.12; Resistance Levels are S$4.79 and S$5.10.
- Target prices: S$4.79, S$4.90, S$5.06 and S$5.21.
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