Technical Analysis – 05 August 2022
United States | Singapore | Hong Kong
Micron Technology, Inc (MU US)
- Shares closed at a two-month high. The 5dEMA had crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 64.5, Target 70.0, Stop 62.0
Salesforce Inc (CRM US)
- Shares formed a triple-bottom pattern and were about to break the high in June . The 5dEMA was a support level.
- Both MACD and RSI are constructive.
- Long – Entry 190, Target 200 Stop 185
City Developments (CIT SP)
- Positive breakout from triangle. Close above 8/21 day EMA and growing volume signals bullish sentiment
- RSI constructive.
- Long – Entry 8.03, Target 8.71, Stop 7.82
iFAST (IFAST SP)
- After bouncing off a low of S$3.70/share, stock has been on a steady uptrend with the last closing price above the 8/21 day EMA.
- RSI constructive.
- Long – Entry 4.23, Target 4.60, Stop 4.03
Budweiser Brewing Company APAC Ltd (1876 HK)
- Shares formed a bullish engulfing pattern with an increase in volume.
- RSI is constructive, but MACD remains negative.
- Long – Entry: 22.5, Target: 24.0, Stop: 21.8
BYD Electronic (International) Co Ltd (285 HK)
- Shares closed above the 20dEMA with a jump in volume. The 5dEMA was above to cross above the 20dEMA.
- RSI is constructive, and MACD is about to turn positive.
- Long – Entry: 21.5, Target: 26.0 Stop: 19.4
