Technical Analysis – 16 May 2023
United States | Singapore | Hong Kong
Micron Technology, Inc. (MU US)
- Shares closed higher above the 5dEMA, with a surge in volume.
- MACD just turned positive, RSI is constructive.
- Long – Entry 64, Target 70, Stop 61
Seagate Technology Holdings plc (STX US)
- Shares closed higher above the 50dEMA, with constructive volume over the past 2 days. 5dEMA just crossed the 20dEMA.
- MACD just turned positive, RSI is constructive.
- Long – Entry 61, Target 67, Stop 58
Hongkong Land Holdings Ltd (HKL SP)
- Shares closed at a 2-month high above the 5dEMA with rising volume.
- Both RSI and MACD are constructive.
- Long – Entry 4.50, Target 4.80, Stop 4.35
Best World International Ltd (BEST SP)
- Shares rose above the 5dEMA with a rise in volume.
- RSI is positive, while MACD is negative.
- Long – Entry 1.95, Target 2.10, Stop 1.88
Tianqi Lithium Corp. (9696 HK)
- Shares closed higher with a surge in volume. 5dEMA just crossed the 50dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 59.5, Target 64.5, Stop 57.0
Ganfeng Lithium Group Co. Ltd. (1772 HK)
- Shares closed higher with a surge in volume. 20dEMA is about to cross the 50dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 58.0, Target 63.0, Stop 55.5
