TASE:SARN Sarine Technologies Ltd is a publicly traded company that develops, produces and sells technologies for the diamond industry, including devices for the planning, analysis and grading of rough and polished diamonds.
U77 trade ideas
SGX - Sarine Tech - Further Upside to 0.925Breakout with Further Upside to 0.925 level.
Trade with Caution
U77 SGX BUY/LONG NOW READY! 0.650 to 1.285 by 2023TICKER CODE: U77
Company Name: SARINE TECH
Industry: Singapore Stocks Electronic Technology Electronic Equipment/Instruments
Position Proposed: BUY
Entry: NOW READY (0.650-0.900)
1st Partial Take Profit: 1.285 (September 2023)
2nd Partial Take Profit: 1.945 (September 2024)
3rd Partial Take Profit: 3.060 (December 2027)
Stop Loss: 0.465
Technical Analysis
1. Large Inverted Head and Shoulders (Forming head)
2. Falling Wedge (Broke out of diagonal structure)
3. Double Bottom
4. Small Pennant Pattern Forming to Push about Key Structure
Sarine Technologies is about to popv - target 16 SGD by 2024Sarine Tech is benefiting from the current race to inflation hedges, as it provides exposure to the diamond business - on top of being a high growth tech company.
The stock is about to re-enter the upward trend channel.
<TradeVSA> Sarine Tech Going into Re-accumulationSign of Strength in the chart:
1. Strong mark-up stage
2. Pullback setup
3. Price going back to NS with Green Pentagon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
