Technical Analysis – 01 August 2022
United States | Singapore | Hong Kong
Canadian Solar Inc (CSIQ US)
- Shares gapped up previously with a jump in volume. The stock closed at a three-month high. The 5dEMA was a strong support.
- Both MACD and RSI are constructive.
- Long – Entry 36.0, Target 41.5, Stop 33.3
Apple Inc (AAPL US)
- Shares gapped up and closed near an intraday high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 160.0, Target 169.0 Stop 155.5
Aztech Global (AZTECH SP)
- Has been on an upward trend since the gap-up post results. Currently testing resistance of S$0.875. Barring a sharp pullback, the bulls could take control and push further along the upward trend.
- RSI toppish, hence tight stop loss.
- Long – Entry 0.875, Target 0.940, Stop 0.855
Digital Core REIT (DCREIT SP)
- On an uptrend trajectory after bottom achieved in early July. Golden cross with close above 8/21 day EMA.
- RSI constructive.
- Long – Entry 0.87, Target 0.97, Stop 0.835
Shandong Gold Mining Co Ltd (1787 HK)
- Share resumed an uptrend. The stock closed above the 50dEMA with a jump in volume. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 13.5, Target: 14.15, Stop: 13.2
Manulife Financial Corporation (945 HK)
- Shares closed above the 50dEMA with rising volumes. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 140, Target: 147, Stop: 136.5
