$Geo Energy Res(RE4.SI) #tradingIdea
11/11/2026
Target: S$0.60 within 4-6 weeks
Stop loss: S$0.495
Technical:
- Price at S$0.54 has reclaimed its 10EMA and 50EMA, while holding above the rising 200EMA at S$0.509.
- The 10EMA is turning higher but has yet to cross above the 50EMA. Volume has improved modestly.
- Clearing S$0.55 would strengthen the rebound, with resistance at S$0.57, followed by S$0.60.
Personal view:
Today’s earnings release showed 3Q26 net profit surging 545% year on year to US$20.6 million, strengthening the earnings recovery story. I lean positive, though a sustained break above S$0.55 with stronger volume would give the trade more conviction.
Risk profile:
Moderate to high, given coal-price sensitivity and sharp price swings. Losing support around S$0.51 could trigger a retest of S$0.50, followed by S$0.485. Softer coal prices or operational setbacks could weaken the recovery.
Rgds,
Dan
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