Technical Analysis: 31 March 2022
United States | Singapore | Hong Kong
United States
Lululemon Athletica Inc (LULU US)
- Shares gapped up on higher-than-average trading volume and closed above the 200dMA.
- MACD is constructive while RSI has entered the oversold level and might see some correction.
- Long – Entry 354.59, Target 406.82, Stop 322.98
Under Armour Inc (UA US)
- Shares have reversed their downward trend and 5dMA just crossed the 60dMA.
- Both MACD and RSI are constructive.
- Long – Entry 17.48, Target 19.50, Stop 16.54
SINGAPORE
Tianjin Zhongxin (TIAN SP)
- Shares formed a V-bottom and closed above the 200d EMA of 1.07
- MACD and RSI are still supportive of the positive trend.
- Long – Entry 1.08, Target 1.15, Stop 1.03
Yangzijiang (YZJSGD SP)
- Shares formed a V-bottom and may retest the previous resistance of 1.67
- MACD last week formed a bullish crossover, indicative of further upside potential.
- Long – Entry 1.54, Target 1.67, Stop 1.48
HONG KONG
China Merchants Securities Co Ltd (6099 HK)
- Shares broke out and closed at above the 20dEMA with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 9.25 Target: 10, Stop: 8.88
Fuyao Glass Industry Group Co Ltd (3606 HK)
- Shares broke out from the consolidation with a jump in volume. The stock gapped up and closed above the 20dEMA. The 5dEMA is about to cross the 20dEMA
- Both MACD and RSI are constructive.
- Long – Entry: 33, Target: 37.4, Stop: 31.6
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