Tuesday, April 22nd, 2025

Technical Buy Opportunity: Zengame Technology Holding Ltd Primed for Significant Gains

Date of Report: October 8, 2024
Broker Name: CGS-CIMB Securities


Company Overview

Zengame Technology Holding Ltd is listed on the Hong Kong Stock Exchange under the ticker symbol 2660. The company focuses on mobile game development and publishing, leveraging its technical expertise and innovative solutions in the gaming industry.

Technical Buy Recommendation

Zengame Technology Holding Ltd has been recommended as a “Technical Buy” by CGS-CIMB Securities due to its strong technical indicators and potential for significant gains.

Key Entry and Target Prices:

  • Entry Prices: 3.33, 2.90, 2.50
  • Stop Loss: 2.28
  • Target Prices:
    • Target 1: 4.00
    • Target 2: 4.80
    • Target 3: 6.60
    • Target 4: 8.40

Technical Indicators

  1. Bullish Momentum:
    Zengame has demonstrated strong upward momentum, making it an attractive buy for investors. The company’s technical chart patterns suggest further gains in the short to medium term.

  2. Support and Resistance Levels:
    The stock has established solid support levels at 2.90 and 2.50, with potential resistance levels at 4.00 and higher, up to 8.40. These targets indicate the company’s potential to experience significant price appreciation.

Conclusion

Zengame Technology Holding Ltd is in a strong technical position, supported by solid entry prices and clearly defined target prices. The stock’s bullish momentum, as indicated by key technical indicators, suggests that it is poised for significant growth. With multiple price targets offering strong upside potential, Zengame presents an attractive investment opportunity.

Magnum Berhad: ESG Progress and Strategic Outlook Propel Growth

Date of Report: October 17, 2024Broker: Maybank Investment Bank Berhad Overview Magnum Berhad (MAG MK) is one of three national number forecast operators (NFO) in Malaysia, operating under the brand ‘Magnum 4D’ with 471...

S-REITs Set for Comeback in 2025: Interest Costs Stabilizing, Logistics & Data Centers Lead the Way

Singapore REITs Poised for Recovery in 2025 as Interest Costs Stabilize Singapore-listed Real Estate Investment Trusts (S-REITs) continued to grapple with high financing costs, impacting their distribution per unit (DPU) in their latest financial...

Food Empire Holdings Ltd. Continues Strong Growth Amidst Rising Costs

Title: Continued Growth Amidst Rising Coffee Prices – Food Empire Holdings Ltd. March 17, 2025 | KGI Securities (Singapore) Pte. Ltd. Continued Growth Amidst Rising Coffee Prices Food Empire Holdings Ltd. Sustained Increase in...