Technical Analysis – 08 August 2022
United States | Singapore | Hong Kong
Dynatrace Inc (DT US)
- Shares closed at a one-month high. The stock had been up for 8 consecutive trading days.
- Both MACD and RSI are constructive.
- Long – Entry 41, Target 44, Stop 39.5
LYFT Inc (LYFT US)
- Shares gapped up and closed at a two-month high with a suge in volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 20.0, Target 22.5 Stop 18.8
King Wan (KWAN SP)
- Friday’s gap up came after positive share price movements on 1 Aug. Given the strong buying sentiment, stock could consolidate and continue further. Risks biased to the positive. Golden cross
- RSI toppish, maintain tight stop loss.
- Long – Entry 0.048, Target 0.058, Stop 0.045
Hatten Land (HATT SP)
- After bouncing off a low of S$0.028/share, stock has broken out of the channel established since early July. Strong volume with close after 8/21 day EMA implies bullish sentiment.
- RSI constructive.
- Long – Entry 0.033, Target 0.041, Stop 0.030
Sunny Optical Technology (Group) Co. Ltd (2382 HK)
- Shares gapped up and broke out of the consolidation and closed above the 50dEMA with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 116.5, Target: 126.5, Stop: 111.5
PICC Property & Casualty Co., Ltd (2328 HK)
- Shares retested the 200dEMA and rebounded. The stock formed an island reversal pattern.
- Both MACD and RSI show weak momentum.
- Long – Entry: 7.8, Target: 8.2 Stop: 7.6
