Skip to main content

Jumbo Group


 JUMBO (42R): SWING TRADE
Commentary:
On 21st March, Jumbo Group announced that it has entered into a JV, opening its first seafood restaurant in Beijing, China. Overseas expansion has been well executed, with recent expansion in Vietnam, announced in January, earlier this year.

Technical Observations:
Technically, we saw the stock marked up to a new high of S$0.78. And there is high probability that the stock is entering into a re-accumulation phase. This is in view that the stock continues to make new high (S$0.78) with support holding well at S$0.68 zone. Making new high with supporting holding are Sign of Strength that traders should lookout for in a uptrend

In addition, the MACD bullish crossover translates as a possible change in momentum. Traders can consider taking a swing trade within the re-accumulation zone.

Probable Trading plan as follows:
EP: S$0.700
SL: S$0.665
TP: S$0.780
Risk/Reward: 2.28x

Most Popular

Historical Stock Market Performance During the Year of the Snake (2025)

Historical Stock Market Performance During the Year of the Snake (2025) Introduction: The Chinese zodiac plays a fascinating role in shaping cultural beliefs and behaviors. Among the 12 zodiac animals, the Year of the Snake is often associated with intelligence, caution, and financial shrewdness. We take a simply review of three key indices, S&P 500, Hang Seng Index (HSI), and Straits Times Index (STI),  annual performance  during the Year of the Snake. Key Observations from the Data: S&P 500 Performance: Average annual return: 0.47% . Win/Loss ratio: 37.5% (3 years of gains vs. 5 years of losses). Notable years: 1989 marked a robust gain of 27.25% , while 1941 saw a steep decline of -20.22% , coinciding with global tensions during World War II. HSI Performance: Average annual return: -5.36% . Win/Loss ratio: 66.67% (2 years of gains vs. 1 year of losses). Notable years: The index's strongest year was 1989, with a return of 5.55% , while 2001 suffered a severe decli...

Week Ahead: Sustaining December’s Investor-Friendly Momentum

  Week Ahead, 2 Dec 2024   Macro News: Despite inflation remaining firm, the market continues to expect that the US Federal Reserve has a higher probability of cutting rates by 25 basis points at the upcoming FOMC meeting . December marks the final month of 2024 as we approach the year's end. Historically, the S&P 500 Index has been favorable to investors in December , with a 70.83% probability of a positive return and an average gain of 0.74%. We hope these trends persist in 2024. Currently, we have not identified any trade setups. We will provide updates if any opportunities arise. Medium Term: ·        S&P 500: The S&P 500 remains above the 6,000 level and could trend towards the 6,180 zone. ·        STI: The STI remains at the 3,700 resistance zone, with no major technical signals observed. If momentum sustains, the index could move towards the 3,860 level. ·     ...

Seminar: What’s Ahead for US Market – Navigating Uncertainties and Key Themes with Structured Certificate

What's Ahead for the US Market? Navigating Uncertainties and Key Themes with Structured Certificates Learn more about the US stock market and how to position your portfolio in these uncertain times? Join us for a free seminar on Monday, November 4th, from 7:00 PM to 8:30 PM at the SGX Auditorium. In this seminar, we will explore: Key themes driving the US market: Gain insights into the factors that are shaping the current market environment and what you can expect in the coming months. Navigating market uncertainties: Learn strategies for managing risk and capitalizing on opportunities in a volatile market. Introduction to structured certificates: Discover how structured certificates can offer potential enhanced income returns with managed risk. Who should attend? This seminar is designed for investors of all levels who are interested in learning more about the US market and how to invest in it. Speakers: Brandon Leu, CMT, CFTE: SGX Academy Speaker Ms. Olivia Chen: Man...