Technical Analysis – 21 December 2022
United States | Singapore | Hong Kong
Moderna Inc (MRNA US)
- Shares formed an bullish engulfing pattern with an increase in volume.
- Both RSI and MACD are constructive.
- Long – Entry 196 Target 210 Stop 189
Charles Schwab Corp (SCHW US)
- Shares closed above the 20dEMA with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- RSI is constructive and MACD is about to turn positive.
- Long – Entry 79.5, Target 82.5, Stop 78.0
SembCorp Industries Limited (U96 SP)
- Shares closed at a high since September with an increase in volume.
- MACD starts turning positive, while RSI is at an overbought level.
- Long – Entry 3.35, Target 3.50, Stop 3.28
Raffles Medical Group Ltd (BSL SP)
- Shares closed at an intraday high with a jump in volume.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry 1.38, Target 1.45, Stop 1.35
BOC Hong Kong (Holdings) Ltd (2388 HK)
- Shares closed at a two-month high with an increase in volume. The 20dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 26.30, Target 27.50, Stop 25.70
L’Occitane International S.A. (973 HK)
- Shares formed a bullish engulfing pattern with a jump in volume.
- RSI is turning upward, while MACD is negative.
- Long – Entry: 23.5, Target: 25.0 Stop: 22.8
