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.