[SG Market] Strong Momentum: Seatrium
Singapore Stock News
2024-05-31 14:56:19
2.61W
In this article, we will focus on Seatrium, whose price action suggests the start of a bullish reversal, most likely in an uptrend.
In this article, we will focus on Seatrium Ltd (SGX: 5E2), whose price movement indicates the beginning of a bullish reversal, likely leading to an upward trend. Here are some key points from the technical report:
Seatrium provides engineering solutions for the offshore, marine, and energy industries.
- Market Position: The stock price has broken through an 8-month downtrend, showing strong reversal momentum, making it a "technical buy."
- Entry Prices and Support Levels: SGD 1.86, SGD 1.64, and SGD 1.48; support levels are at SGD 1.61 and SGD 1.49.
- Stop-Loss and Resistance Levels: The stop-loss level is at SGD 1.37; resistance levels are at SGD 1.97 and SGD 2.41.
- Target Prices: SGD 2.23, SGD 2.66, SGD 2.81, and SGD 3.18.
Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
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