Technical Analysis: 16 February 2022
United States | Singapore | Hong Kong
UNITED STATES
Trip.com Group Limited (TCOM US)
- Shares gapped up with a jump in volume. The stock had been turning around since 3Q21 results announced in December.
- Both MACD and RSI are constructive.
- Long – Entry 30, Target 33.2, Stop 28.5
Lithium Americas Corp. (LAC US)
- Shares broke out with a jump in volume and were holding up well within the upward channel.
- Both MACD and RSI are constructive.
- Long – Entry 30, Target 33.3, Stop 28.5
SINGAPORE
Olam International (OLAM SP)
- Shares of Olam tested the 200d EMA of 1.66 yesterday and rebounded strongly on higher-than-average trading volume.
- While RSI has turned downward, MACD is still on a positive upward trend, thus indicating that it may continue to consolidate at around the 1.70 handle before moving higher.
- Long – Entry 1.72, Target 1.91, Stop 1.66
Singtel (ST SP)
- Bullish pattern as the stock forms higher highs and higher lows, and eventually forming the cup of the “cup and handle” chart pattern.
- MACD is on a positive upward momentum after bottoming out in December 2021 and early January 2022.
- Long – Entry 2.55, Target 2.73, Stop 2.48
HONG KONG
China Resources Beer (Holdings) Company Limited (291 HK)
- Shares closed at above the 200dEMA with high volumes.
- MACD shows strong momentum, while RSI is constructive.
- Long – Entry: 62 Target: 66, Stop: 60
Hainan Meilan International Airport Company Limited (357 HK)
- Shares have formed a cup and handle pattern, and the stock broke out from the handle.
- MACD and RSI remain constructive.
- Long – Entry: 23.5, Target: 26.2, Stop: 22.2
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