United States | Singapore | Hong Kong

United States

Royal Caribbean Cruises Ltd (RCL US)

• Shares closed above the 5dMA yesterday.
• Both MACD and RSI are constructive.
• Long – Entry 81.40, Target 88.90, Stop 77.25

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Home Depot Inc (HD US)

• Shares are well supported around $298 (Triple bottom pattern)
• MACD rebounded before reaching oversold levels while RSI is laggard.
• Recommend to long at the triple bottom level of around $298.
• Long – Entry 298.81, Target 322.98, Stop 289.08

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SINGAPORE

Golden Energy & Resources (AUE SP)

• Prior resistance of 0.51 has now turned support. 
• Momentum indicators are sending a mixed signal, with the MACD recently forming a bearish crossover, and RSI reversing from overbought levels. This may indicate at least some consolidation before the stock can try to retest the 52-week high. 
• Long – Entry 0.545, Target 0.620, Stop 0.505

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Sembcorp Marine (S51 SP)

• Shares are forming higher highs and higher lows. 
• MACD remains positive. 
• Long – Entry 0.10, Target 0.108, Stop 0.096

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HONG KONG

The Hong Kong market was closed yesterday in observance of a public holiday (Qingming Festival). Trading resumes today, 6 April.

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