Technical Analysis: 04 April 2022
United States | Singapore | Hong Kong
United States
Tyson Foods Inc (TSN US)
- Shares closed above the 4 moving averages on Friday and 5dMA has touched the 60dMA, indicating a possible crossover soon.
- Both MACD and RSI are constructive.
- Long – Entry 89.49, Target 95.00, Stop 86.77
American Water Works Company Inc (AWK US)
- Shares closed above the 5dMA on Friday and 5dMA has crossed the 200dMA.
- Shares broke the previous resistance level (~US$161)
- MACD is constructive while RSI has entered the oversold territory and shares may pull back soon.
- Long – Entry 165.63, Target 177.00, Stop 160.90
SINGAPORE
Uni-Asia Group (CHJ SP)
- Shares are gaining on higher-than-average buying volume, and looks set to retest the 52-week high of 1.48. .
- MACD and RSI are still supportive of the positive trend.
- Long – Entry 1.37, Target 1.48, Stop 1.29
Yangzijiang Shipbuilding (BS6 SP)
- V-shape rebound is a positive signal.
- Momentum indicators are mixed with MACD still showing positive momentum while RSI indicates some consolidation before shares can move higher.
- Long – Entry 1.54, Target 1.67, Stop 1.47
HONG KONG
China Vanke Co Ltd (2202 HK)
- Shares broke out from the consolidation with a jump in volume. The stock closed at above the 50dEMA, and the 20dEMA is about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 18.8 Target: 20.5, Stop: 18.0
Xinyi Energy Holdings Ltd (3868 HK)
- Shares forms a new uptrend with rising volumes.
- MACD is constructive, while RSI hit an overbought level.
- Long – Entry: 4.80, Target: 5.06, Stop: 4.65
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