Technical Analysis: 31 December 2021

United States | Singapore | Hong Kong

UNITED STATES

Walt Disney Co (DIS US)

Shares are forming a higher high and higher low pattern.
Both MACD and RSI are constructive.
Long – Entry 154.5, Target 164.5, Stop 150

Alibaba Group (BABA US)

Shares retested the previous low and rebounded with a surge in volume.
Both MACD and RSI show positive upward momentum.
Long – Entry 115, Target 128, Stop 110

SINGAPORE

Wilmar (WIL SP)

MACD and RSI remains bullish
Suggest entry level upon a slight pullback to the 20d EMA. Downside risk is limited by strong buying support at 4.04
Long – Entry 4.14, Target 4.41, Stop 4.04

Yangzijiang (YZJSGD SP)

Shares are trading at the lower range of the 6 months trading range
MACD and RSI are on uptrend
Long – Entry 1.34, Target 1.48, Stop 1.27

HONG KONG

AviChina Industry & Technology Co Ltd (2357 HK)

Shares form a double bottom pattern, and it is range bound.
MACD shows an early sign of turnaround, and RSI is constructive.
Long – Entry: 5.2, Target: 5.6, Stop: 5.0

China Power International Dev. Ltd. (2380 HK)

Shares are trading within an uptrend.
Both MACD and RSI are constructive.
Long – Entry: 5.15, Target: 4.8, Stop: 5.85

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