1. Vicom Ltd: Tight Base Resolving Higher
Vicom has spent several months trading in a well-defined sideways consolidation following its earlier advance. Price recently pushed through resistance near the S$1.70 area with improving volume participation.
Relative strength versus the Straits Times Index has stabilised and is turning higher, suggesting renewed institutional interest.
Trade Setup
Stop Loss: S$1.61
Upside Target: S$1.87
The tight trading range allows for controlled risk positioning while participating in a potential continuation move.
2. Genting Singapore: Long Base Breakout Attempt
Genting Singapore is attempting to resolve a prolonged multi-month base formation. Price action has consistently defended the S$0.73 support region while higher lows suggest accumulation beneath resistance.
Relative strength has improved sharply, indicating early rotation back into cyclical reopening exposure.
Trade Setup
Stop Loss: S$0.73
Upside Targets: S$0.87 followed by S$0.94
A successful breakout could trigger momentum participation as sidelined capital rotates into lagging sectors.
3. Capitaland Ascott Trust: Trend Continuation Candidate
Capitaland Ascott Trust remains in a steady uptrend supported by higher highs and higher lows. The recent consolidation appears constructive, forming a continuation pattern rather than distribution.
Relative strength remains stable despite broader market volatility.
Trade Setup
Stop Loss: S$0.945
Upside Target: S$1.02
The REIT sector continues to benefit from improving travel activity and stabilising rate expectations, providing a supportive backdrop.
Disclaimers apply