Technical Analysis – 04 August 2022
United States | Singapore | Hong Kong
GameStop Corp (GME US)
- Shares closed near an intraday high. The stock edged up with a support of the upward 5dEMA.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry 37.5, Target 40.0, Stop 36.3
Hertz Global Holdings Inc (HTZ US)
- Shares formed a bullish engulfing pattern. The 20dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 21.0, Target 23.7 Stop 19.7
CapitaLand Integrated Commercial Trust (CICT SP)
- Upward trend since bottom established on 6 July. Last close remained above 8/21 day EMA, indicating bullish sentiment. Further bullishness could see it test YTD high of S$2.35 although ex-date for 1H22 DPU of S$5.22¢ could see some selling pressure. Golden cross.
- RSI constructive.
- Long – Entry 2.21, Target 2.35, Stop 2.14
Golden Agri-Resources (GGR SP)
- After bouncing off support levels of S$0.24/share, stock has been on a steady uptrend with the last closing price above the 8/21 day EMA. Golden cross.
- RSI constructive.
- Long – Entry 0.28, Target 0.305, Stop 0.265
Geely Automobile Holdings Limited (175 HK)
- Shares formed a shootingstar candlesick pattern with an increase in volume. Meanwhile, the stock was poised to form a bullish flag pattern.
- Both MACD and RSI show no momentum
- Long – Entry: 17.0, Target: 19.0, Stop: 16.0
Xinjiang Goldwind Science & Tech Co Ltd (2208 HK)
- Shares broke out of the consolidation and closed near an intraday high with an increase in volume.
- RSI is constructive, and MACD is about to turn positive.
- Long – Entry: 14.2, Target: 15.2 Stop: 13.7
