Technical Analysis – 22 July 2022
United States | Singapore | Hong Kong
Range Resources Corp (RRC US)
- Shares resumed an uptrend with rising volumes. The stock was poised to form an inverted head-and-shoulder pattern.
- Both MACD and RSI are constructive.
- Long – Entry 14.0, Target 15.8, Stop 13.1
Enphase Energy Inc (ENPH US)
- Shares closed at a high since last December, breaking out of the consolidation range.
- Both MACD and RSI are constructive.
- Long – Entry 215, Target 240, Stop 205
Genting Singapore (GENS SP)
- Despite consolidation after breakout, it continued to close above 8/21 day EMA. Increasing volume implies some continued bullishness on the stock.
- RSI constructive.
- Long – Entry 0.765, Target 0.825, Stop 0.75
Sin Heng Heavy Machinery(SHHM SP)
- Breakout with strengthening volume. Closed above 8/21 day EMA with golden cross. Maintain tight stop loss on feigned breakout.
- RSI constructive.
- Long – Entry 0.485, Target 0.550, Stop 0.465
MMG Ltd (1208 HK)
- Shares reversed the downtrend and closed above the 5dEMA for three consecutive trading days.
- MACD starts to turn positive, while RSI remains flat.
- Long – Entry: 2.60, Target: 2.75, Stop: 2.53
Blue Moon Group Holdings Ltd (6993 HK)
- Shares edged up higher for the last four trading days. The 5dEMA started to turn upward.
- RSI is constructive, and MACD is about to turn positive.
- Long – Entry: 6.10, Target: 6.65, Stop: 5.85
