Technical Analysis – 31 May 2023
United States | Singapore | Hong Kong
Cloudflare, Inc. (NET US)
- Stock closed at a high since Feb 23 above the 200dEMA with a constructive volume over the past 2 days. 20dEMA just crossed the 50dEMA.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 65.5, Target 71.5, Stop 62.5
Wayfair Inc. (W US)
- Shares closed at a high since Mar 23, above the 50dEMA with a surge in volume.
- MACD just turned positive, RSI is constructive.
- Long – Entry 40.3, Target 44.3, Stop 38.3
AEM Holdings Ltd (AEM SP)
- Shares closed above the 200dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 3.6, Target 4.0, Stop 3.4
UMS Holdings Ltd (UMSH SP)
- Shares closed above the 50dEMA. The 5dEMA crossed the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 1.06, Target 1.12, Stop 1.03
ASMPT Ltd. (522 HK)
- Shares closed even higher, with a surge in volume over the past 2 days. 5dEMA just crossed the 200dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 69.0, Target 75.0, Stop 66.0
China Railway Signal & Communication Corp. Ltd. (3969 HK)
- Shares closed at the 20dEMA with a surge in volume.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 3.30, Target 3.60, Stop 3.15
