Technical Analysis: 01 April 2022
United States | Singapore | Hong Kong
United States
Royal Caribbean Cruises Ltd (RCL US)
- Shares are forming a healthy uptrend and have been trading at the 5dMA.
- 5dMA crossed the 200dMA.
- Both MACD and RSI are constructive.
- Long – Entry 81.40, Target 88.90, Stop 77.25
CF Industries Holdings Inc (CF US)
- The previous resistance level is now the support level (~US$ 99.50)
- Shares have been trading near the 5dMA.
- Long – Entry 99.72, Target 109.56, Stop 95.53
SINGAPORE
AEM Holdings Ltd. (AWX SP)
- Shares formed a V-bottom, and 20dEMA is about to cross 50dEMA.
- MACD and RSI are still supportive of the positive trend.
- Long – Entry 4.70, Target 4.98, Stop 4.60
Singapore Telecommunications Limited (Z74 SP)
- Shares touched a 52-week high and pulled back.
- MACD and RSI are still supportive of the positive trend.
- Long – Entry 2.62, Target 2.76, Stop 2.55
HONG KONG
China Construction Bank Corporation (939 HK)
- Shares formed a V-shape rebound and continued the uptrend with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry: 5.80 Target: 6.10, Stop: 5.65
China Merchants Port Holdings Company Limited (144 HK)
- Shares gapped up and closed at above the 50dEMA with a jump in volume. The 5dEMA is about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 14.1, Target: 14.9, Stop: 13.7
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