KEPPEL CORP Stock Code BN4.SGX
Outlook
The price has reached a price high at S$6.55 two days ago. This could be a possible price top as the MACD histogram is giving potential divergence warning that hints at a possible reversal. We are likely to see a price correction to the base line support at S$5.98. Once the base line support is violated, a further decline to S$5.60 could be expected.
Strategy
$6.42 Sell
$5.60 Price Target
$6.60 Risk Management Stop
2 weeks Trade Duration
SIA ENGINEERING Stock Code S59.SGX
Outlook
Price rebounded after trading near its previous low support zone. It could form a potential triple bottom chart pattern as price tested this support zone for a third occasion. MACD could be giving potential divergence warning that hints at possible reversal ahead. These could increase chances of the stock price rebounding to move higher.2.23
Strategy
$2.23 Buy
$2.38 Price Target
$2.16 Risk Management Stop
2 weeks Trade Duration
Raffles Medical Stock Code BSL.SGX
Outlook
After reaching a high at $1.52, price went into a correction. The correction is currently supported by the conversion line and is above the cloud, keeping the uptrend intact. Conversion and Base lines remain in a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish, with both lines above the zero line. MACD is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $1.52 in the next 2-3 weeks.
Strategy
$1.43 Buy
$1.52 Price Target
$1.38 Risk Management Stop
3 weeks Trade Duration
OCBC Bank Stock Code 039.SGX
Outlook
Price, after reaching a high at 12.90 on 20 April 2023, went into a correction. The correction was supported by the Base line and the upper edge of the cloud, keeping the bullish price trend intact. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud at the moment. MACD is above the zero line and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $12.90 in the next 2-3 weeks.
Strategy
$12.50 Buy
$12.90 Price Target
$12.28 Risk Management Stop
3 weeks Trade Duration
AEM SGD Stock Code AWX.SGX
Outlook
Price has been moving in a horizontal movement since moving above the cloud. Price is likely to be supported by the cloud and the base line, keeping the uptrend intact. Conversion and base lines remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish, with both lines above the zero line and is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $3.58 in the next 2-3 weeks.
Strategy
$3.15 Buy
$3.04 Price Target
$3.57 Risk Management Stop
3 weeks Trade Duration
