The young Dr Ng Chin Siau, Q&M Dental Founder & CEO
Q&M Dental, Daily chart
Q&M Dental Group is the largest private dental healthcare group in Singapore with over 70 dental clinics located over Singapore.
With a record 17 new clinics opened in 2021, its record expansion in a year so far, this would be a possible growth driver on its revenue for FY2022. Average analysts' 12-months target price is around $0.80.
Charting wise, Q&M looks supported by 250-days Moving Average and price looks consolidating to form a bullish Ascending Triangle or Cup & Handle pattern. Short-term traders can either look for breakout above said patterns' resistance line at $0.62 or buying near the 250-days MA support, currently around $0.55. Support can be set at $0.50.
As usual, this writeup was broadcast to Clients on 26 Nov 2021 but posted here only on 30 Nov 2021.
Do join our Telegram channel https://t.me/stockwhisperersg* to receive curated & interesting trading/investment ideas across US/HK/SG!
This is an opinion piece. Please always do your own due diligence on the company's fundamentals & assess if the Fundamental / Technical analysis opinions are applicable to your trading/investing needs.
Proudly brought to you by StockWhisperer SG
*By onboarding to our services as per above, you'll have indicated that you would like to be in my Email/Telegram subscription list and/or for me to contact you for potential marketing, advertising and promotional purposes, overriding any DNC registration.
Image: Photo courtesy of Q&M Dental Group, Singapore