LIM & TAN SECURITIES

TECHNICAL CHARTING | 17 APRIL 2025

Seatrium Ltd: Bullish Technical Indicators Suggest Buying Opportunity

Executive Summary

Seatrium Ltd is forecasted to be bullish for the next one to two weeks in the short-term, we thus recommend BUY based on technical analysis. [[1]] While the share price of Seatrium had dropped by around 14% for the month so far since having closed at \$2.11 on 28-Mar-25, we opine that this bearish momentum is now no longer at play and that the current trend has turned positive. [[1]]

Technical Analysis Overview

MACD Crossover

The MACD chart is emitting a positive signal for the share price of Seatrium, evidenced by the bullish crossover which had manifested when the MACD line (blue coloured line) recently cut above the signal line (orange coloured line) from below earlier this week. [[1]]

Relative Strength Index (RSI)

The Relative Strength Index (purple line in Exhibit 1) is presently below 70 and is trading at 40, indicating that there is much room left for further appreciation before the underlying security (Seatrium) reaches overbought territory and experiences a pullback. [[1]]

Price Targets and Key Levels

Near-Term Resistance

For the near-term, we see share price upside for Seatrium Ltd being capped at the \$1.91 resistance mark, given that this is where the technical gap (black circle in Exhibit 1) on 07-Apr-25 is located. [[1]]

Near-Term Support

On the other hand, should price momentum of Seatrium Ltd turn negative, support at the \$1.75 level as outlined by the double daily lows on 14-Apr-25 and 15-Apr-25 could serve to limit any further downside in the short-term. [[1]]

Seatrium Ltd – Key Levels

• Last Done: S\$1.81 [[1]]

Bullish (Short-Term)

• Resistance: S\$1.91 [[1]]
• Support: S\$1.75 [[1]]

Bullish (Medium-Term)

• Resistance: S\$2.10 [[1]]
• Support: S\$1.65 [[1]]

Sideways (Long-Term)

• Resistance: S\$2.17 [[1]]
• Support: S\$1.60 [[1]]

Charts and Exhibits

Exhibit 1: Seatrium Ltd – Daily Chart Since Dec-24 (Bullish In The Short-Term)

Source: TradingView [[1]]

Exhibit 2: Seatrium Ltd – Weekly Chart Since 2021 (Bullish In The Medium-Term)

Source: TradingView [[2]]

Exhibit 3: Seatrium Ltd – Monthly Chart Since 2016 (Sideways In The Long-Term)

Source: TradingView [[2]]

Important Disclosures

This report is intended for clients of Lim & Tan Securities Pte Ltd [herein after termed as LTS] only and no part of this document may be – i. Copied, photocopied, duplicated, stored or reproduced in any form by any means or ii. Re-distributed or disseminated, directly or indirectly, to any other person in whole or in part, for any purpose without the prior consent of LTS. [[3]]

This research report is prepared for general circulation. [[3]] It does not have regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this research report. [[3]] You should independently evaluate particular investments and consult your independent financial adviser before making any investments or entering into any transaction in relation to any securities or investment instruments mentioned in this report. [[3]]

The information, tools and material presented herein this report are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject LTS to any registration or licensing requirement within such jurisdiction. [[3]]

The information and opinions presented in this research report have been obtained or derived from sources believed by LTS to be reliable. [[3]] Their accuracy, completeness or correctness is, however, not guaranteed. [[3]] Opinions and views expressed in this report are subject to change without notice, and no part of this publication is to be construed as an offer, or solicitation of an offer to buy or sell securities, futures, options or other financial instruments or to provide investment advice or services. [[4]] Therefore, LTS accepts no liability for loss arising from the use of the material presented in this report where permitted by law and/or regulation. [[4]] LTS may have issued other reports that are inconsistent with the assumptions, views and analytical methods of the analysts who prepared them. [[4]]

LTS, its directors, its connected persons and employees may, from time to time, own or have positions in any of the securities mentioned or referred to in this report or any securities related thereto and may from time to time add to or dispose of or may be materially interested in any such securities. [[4]] LTS’s research analysts are primarily responsible for the content of this report, in part or in whole, and certifies that the views about the companies expressed in this report accurately reflect his personal views. [[5]] LTS prohibits the research analysts who prepares this report from receiving any compensation (excluding salary and bonuses) or other incentives and benefits receivable in respect of this report or for providing specific recommendation for, or in view of a particular company or companies mentioned in this report. [[5]]

Analyst Disclosure

As of the date of this report, the research analysts primarily responsible for the content of this research report do not have a financial interest* in the securities of the companies as recommended in this report. [[5]]

* Includes direct or indirect ownership of securities or Futures Contracts (excluding the amount of securities or Futures Contracts owned), directorships or trustee positions. [[5]]