Boustead Singapore – chart poised for a bullish breakout! (23 Jun 23)

Expensive all

On the subject of my write-up on Convenience Delgro dated 9 Jun 2023 (click on HERE) the place I identified that I’m comfy to amass Convenience Delgro for a buying and selling play, Convenience Delgro closed at $1.03 on 9 Jun, the bottom shut final since on 18 Mar 2004. Since my writeup, Convenience Delgro has thankfully liked 9 out of ten buying and selling days to near nearly 15% upper at $1.18 lately. This compares favourably with STI which moved up 0.2% over the similar duration.

Some other inventory, Boustead Singapore has just lately stuck my consideration because of its chart construction. It closed $0.825 lately.

To start with, let’s perceive what Boustead Singapore does.

Description of Boustead Singapore

On the subject of its FY23 press free up, Boustead Singapore is a innovative international Infrastructure-Similar Engineering and Generation Crew indexed at the SGX Mainboard. It’s established in 1828 and as Singapore’s oldest steady industry

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