Technical Analysis: 07 April 2022
United States | Singapore | Hong Kong
United States
Verizon Communications Inc (VZ US)
- Shares are forming a cup pattern and closed above the 60dMA yesterday.
- 5dMA crossed the 20dMA and is about to touch the 60dMA.
- Both MACD and RSI are constructive.
- Long – Entry 52.55, Target 54.63, Stop 51.72
Pepsico Inc (PEP US)
- Shares formed a V-shape pattern and have been trading at the 5dMA.
- 5dMA crossed all other moving averages and 20dMA touched the 60dMA.
- RSI is approaching overbought levels while MACD is constructive.
- Long – Entry 169.85, Target 175.78, Stop 167.25
SINGAPORE
Hour Glass Ltd (AGS SP)
- Shares closed at an all-time high with a surge in volume.
- MACD is constructive, while RSI remains at an overbought level.
- Long – Entry 2.35, Target 2.60, Stop 2.25
Tianjin Zhong Xin Pharmaceutical Group Corporation Limited. (T14 SP)
- Shares consolidates at around the 200dEMA. The V-shape rebound is still intact.
- Both MACD and RSI are constructive.
- Long – Entry 1.05, Target 1.15, Stop 1.00
HONG KONG
Longfor Group Holdings Ltd. (960 HK)
- Shares formed a bullish engulfing candlestick.
- Both MACD and RSI are constructive.
- Long – Entry: 58.5 Target: 63.5, Stop: 56.0
China Taiping Insurance Hldgs Co Ltd (966 HK)
- Shares closed at above the 50dEMA with an increase in volume and formed a bullish flag pattern.
- Both MACD and RSI are constructive.
- Long – Entry: 9.9, Target: 10.9, Stop: 9.4
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