Excerpt from CGS International report.
Report Summary
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Idea of the Day – MSCI Singapore Free Index (SIMSCI):
– Market remains in a major uptrend.
– Possible further correction to 422.00 pts before recovery.
– Near-term (1-2 months) target: 470.00 pts.
– Key support: 436.00 pts.
– 6-month target: 482.00 pts.
Action: Remain bullish; watch for entry on correction.
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Hongkong Land Holdings Ltd
Action: Technical Sell
Entry: 7.85, 8.41
Stop Loss: 8.78
Target 1: 6.78
Target 2: 5.60
Key Idea: Bearish reversal pattern confirmed; momentum has turned negative. Multiple technical indicators signal further downside.
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SATS Ltd
Action: Technical Sell
Entry: 3.56, 3.64
Stop Loss: 3.96
Target 1: 3.20
Target 2: 2.98
Key Idea: Price action confirms bearish pressure with a break below rising wedge formation and negative momentum indicators.
above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com