Technical Analysis: 08 April 2022
United States | Singapore | Hong Kong
United States
Tyson Foods Inc (TSN US)
- Shares closed above the 5dMA yesterday.
- Both MACD and RSI are constructive.
- Long – Entry 89.48, Target 95.12, Stop 86.77
Macy’s Inc (M US)
- Range bound trade – Shares are supported around US$22.80, where shares touched the bottom 4 times and rebounded.
- Long – Entry 22.83, Target 26.24, Stop 21.72
SINGAPORE
Keppel Corporation Limited (BN4 SP)
- Shares consolidated at around the 52w-high of S$6.6.The trading volumes are constructive.
- MACD is on the downtrend, implying weak momentum. RSI is at an overbought level.
- Long – Entry 6.45, Target 6.65, Stop 6.35
Ascendas India Trust (CY6U SP)
- Shares have been trading upward for 6 consecutive days with an increase in volumes. It closed above the 50dEMA with a jump in volumes. The 20dEMA is about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 1.24, Target 1.31, Stop 1.20
HONG KONG
BOC Hong Kong (Holdings) Ltd (2388 HK)
- Shares formed a bullish flag pattern with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry: 30.0 Target: 32.5, Stop: 29.0
MMG Ltd (1208 HK)
- Shares jumped and closed at a 5-month high with a surge in volumes.
- MACD shows strong upward momentum, while RSI is at an overbought level.
- Long – Entry: 3.5, Target: 4.3, Stop: 3.2
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