Technical Analysis: 14 December 2021
United States | Singapore | Hong Kong
UNITED STATES
Meta Platforms Inc (FB US)
- 5dMA crossed the 200dMA last week and crossed the 20dMA yesterday
- RSI on a positive momentum while MACD has crossed the signal line recently and is diverging upwards
- Long – Entry 329.7, Target 345.3, Stop 323.4
Coca-Cola Company (KO US)
- Shares reached a 52-week high yesterday
- RSI on a positive momentum while MACD has crossed the signal line and is diverging upwards
- To enter at previous resistance level before shares hit the 52-week high
- To take profit at the previous high in March 20
- Long – Entry 57.6, Target 58.9, Stop 56.7
SINGAPORE
SIA Engineering (SIE SP)
- Shares are finding short-term support at 100d EMA (S$2.22) and longer-term support at the 200d EMA (S$2.18).
- RSI shows signs of bottoming out while MACD is about to turn positive.
- Long – Entry 2.18, Target 2.27, Stop 2.14
City Development (CIT SP)
- Shares rebounded from oversold conditions in the first week of December and found short-term support at the confluence of the 20d EMA and 23.60% Fib (S$7.01).
- MACD is about to turn positive, and RSI showed bottoming out from an oversold level.
- Long – Entry 7.01, Target 7.46, Stop 6.77
HONG KONG
Xtep International Holdings Limited (1368 HK)
- Shares closed at above the 60dEMA since September with a surge in volume. It is poised to break out the consolidation range.
- MACD showed an early sign of upward momentum, and RSI is constructive.
- Long – Entry: 10.75, Target: 12.4, Stop: 9.9
Xinyi Energy Holdings Ltd (3868 HK)
- Shares recently broke out the downward channel. It has closed at above the 200dEMA over the past four trading days.
- Both MACD and RSI showed strong upward momentum.
- Long – Entry: 4.35, Target: 4.65, Stop: 4.2
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