Singapore Exchange Ltd (SGX): A Rebound Above Resistance

Singapore Exchange Ltd (SGX) has showcased a resilient performance, rebounding above its resistance-turned-support level of S\$12.17. As of the last price at S\$12.71, the stock has demonstrated sustained bullish momentum, with several technical indicators pointing toward further upside. Here is a deeper dive into the analysis and recommendations:

Key Technical Highlights

• Entry Prices: S\$12.71, S\$12.00, S\$11.50
• Support Levels: S\$12.17 and S\$11.69
• Stop Loss: S\$11.27
• Resistance Levels: S\$13.10 and S\$14.17
• Target Prices: S\$13.50, S\$14.08, S\$15.90, S\$17.11

Technical Insights

• The uptrend remains intact, with a recent breakout above the flag formation, signaling a continuation of bullish momentum.
• Prices are trending above all Ichimoku indicators, reinforcing the bullish sentiment.
• Despite minor signs of bearish momentum in the long-term MACD, selling pressure appears weak.
• The stochastic oscillator has crossed above the 50-line, indicating a potential return of upside momentum.
• The 23-period Rate of Change (ROC) has risen above the zero line, further supporting the positive outlook.
• Trading volume has consistently exceeded the 20-period average, highlighting a healthy and sustained bullish phase.

Company Overview

Singapore Exchange Limited operates Singapore’s securities and derivatives exchanges as well as their related clearing houses. The company also provides ancillary securities processing and IT services to financial sector participants.

Analyst Recommendation

The report reiterates a Technical Buy on SGX, given its strong technical performance and the continuation of its bullish trend. Investors are advised to target price levels up to S\$17.11 in the long term.

Chinasoft International Ltd (354): A Strategic Buy

Chinasoft International Ltd has been identified as a compelling technical buy opportunity. The stock’s current setup indicates significant upside potential. Below are the details:

Key Trading Levels

• Entry Prices: HK\$5.98, HK\$5.20, HK\$4.50
• Stop Loss: HK\$4.32
• Target Prices: HK\$7.20, HK\$9.00, HK\$11.70, HK\$12.20

Analyst Recommendation

The report recommends a Technical Buy on Chinasoft International Ltd, citing favorable entry points and optimistic price targets. Investors should consider this opportunity to capitalize on potential returns.

Ming Yuan Cloud Group Holdings Ltd (909): Positioned for Growth

Ming Yuan Cloud Group Holdings Ltd is another standout candidate for a technical buy. The stock exhibits a strong technical setup, making it an attractive option for investors.

Key Trading Levels

• Entry Prices: HK\$3.15, HK\$2.70, HK\$2.30
• Stop Loss: HK\$2.08
• Target Prices: HK\$4.20, HK\$5.80, HK\$7.70, HK\$9.20

Analyst Recommendation

The report recommends a Technical Buy on Ming Yuan Cloud Group Holdings Ltd, given its robust technical indicators and potential for significant price appreciation.