Technical Analysis: 06 April 2022

United States | Singapore | Hong Kong

United States

Procter & Gamble Company (PG US)

Shares closed above the 5dMA yesterday and 5dMA crossed the 60dMA.
Both MACD and RSI are constructive.
Long – Entry 153.70, Target 160.96, Stop 150.31

American Tower Corporation (AMT US)

Shares are forming a healthy uptrend.
Shares closed above the 5dMA and 5dMA touched the 200dMA yesterday.
RSI entered oversold levels and might experience some pullback, however, MACD is constructive.
Long – Entry 256.61, Target 269.55, Stop 250.98

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SINGAPORE

Nanofilm (MZH SP)

Shares have clawed back all the losses in March to finally trade at the previous support level of 2.80
MACD and RSI are supportive of the upside momentum
Long – Entry 2.80, Target 3.10, Stop 2.66

Yangzijiang Shipbuilding (BS6 SP)

Risk/reward is narrowing as it trades only 5.7% from the 52-week high.
Shares may try to retest the 52-week high with MACD remaining positive.
Long – Entry 1.58, Target 1.67, Stop 1.54

HONG KONG

Ping An Insurance (Group) Company of China, Ltd. (2318 HK)

Shares broke out from the consolidation with a jump in volume. The stock closed above the 50dEMA, and the 20dEMA is about to cross the 50dEMA.
Both MACD and RSI are constructive.
Long – Entry: 58.5 Target: 63.5, Stop: 56.0

China National Building Material Co Ltd (3323 HK)

Shares gapped up and closed at near the intraday high.
Both MACD and RSI are constructive.
Long – Entry: 10.5, Target: 11.6, Stop: 10.0

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