Technical Analysis – 6 January 2023
United States | Singapore | Hong Kong
Estee Lauder Companies Inc (EL US)
- Shares continued to edge up and closed above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 260.0 Target 272.0 Stop 254.0
Carnival Corp (CCL US)
- Shares closed above the 50dEMA, and the 5dEMA crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 8.90, Target 9.60, Stop 8.55
Capitaland Investment Ltd (9CI SP)
- Shares closed at a high since August 2022 with a jump in volume. The 50dEMA was about to cross the 200dEMA.
- MACD starts turning positive, while RSI is at an overbought level.
- Long – Entry 3.80, Target 3.98, Stop 3.71
DBS Group Holdings Ltd (D05 SP)
- Shares gapped up and closed at a one-month high with a jump in volume.
- MACD starts turning positive, and RSI is constructive.
- Long – Entry 34.70, Target 35.39, Stop 34.35
Weichai Power Co., Ltd. (2338 HK)
- Shares closed at a high since August 2022 with a jump in volume.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry 11.0, Target 12.2, Stop 10.4
Tianqi Lithium Corp (9696 HK)
- Shares closed above the 5dEMA with an increase in volume.
- MACD is about to turn positive, and RSI is turning upward.
- Long – Entry: 59.55, Target: 64.55 Stop: 57.55
