Technical Analysis – 9 September 2022
United States | Singapore | Hong Kong
Overstock.com Inc. (OSTK US)
- Shares formed a triple-bottom pattern.
- MACD is about to turn positive, and RSI starts to turn upward.
- Long – Entry 27.0, Target 30.0, Stop 25.5
Lululemon Athletica Inc (LULU US)
- Shares closed at a four-month high with rising volumes. The 5dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 340 Target 360, Stop 330
Singapore Airlines Ltd (C6L SP)
- Shares gapped up and closed above the 20dEMA with an increase in volume.
- MACD is about to turn positive, and RSI is turning upward.
- Long – Entry 5.35, Target 5.45, Stop 5.30
DBS Group Holdings Ltd (D05 SP)
- Shares gapped up and closed near an intraday high with an increase in volume.
- MACD is about to turn positive, and RSI is turning upward.
- Long – Entry 32.70, Target 33.50, Stop 32.30
China Datang Corp Renewable Power Co Ltd (1798 HK)
- Shares broke out of the 50dEMA and closed near an intraday high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 2.25, Target: 2.50, Stop: 2.15
Xinte Energy Co Ltd (1799 HK)
- Shares closed at a high since late July with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 22.0, Target: 24.3 Stop: 20.9
