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Wednesday, April 29th, 2026

Singapore Stock Market Trendspotter: April 2026 Technical Analysis & Top Picks (UOB, H2G Green)

Broker: CGS International
Date of Report: April 29, 2026

Excerpt from CGS International report

Report Summary

  • Idea of the Day: FTSE ST Catalist Index
    – Minor correction expected at 224.00 pts.
    – Key support at 213.00 pts; likely rebound if support holds.
    – Long-term target: 300.00 pts.
    – Triple top formation risk considered unlikely.
  • United Overseas Bank Ltd (UOB): Technical Sell
    – Action: Sell on correction.
    – Entry: 35.96, 36.60
    – Target Prices: 34.55, 33.05, 32.17
    – Stop Loss: 37.32
    – Technicals: Correction unfolding, bearish signals confirmed. Bearish trend viewed as corrective, not long-term reversal.
  • H2G Green Ltd: Technical Buy
    – Action: Buy
    – Entry: 0.014, 0.009
    – Target Prices: 0.027, 0.030, 0.034, 0.043
    – Stop Loss: 0.005
    – Technicals: Strong bullish reversal confirmed, long-term downtrend broken. Multiple bullish indicators support upside potential.

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/

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