Technical Analysis – 08 May 2023
United States | Singapore | Hong Kong
Shopify Inc. (SHOP US)
- Shares closed at a 52-week high, with a surge in volume over the past 2 days.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 61.0, Target 67.0, Stop 58.0
Fortinet, Inc. (FTNT US)
- Shares closed higher above the 20dEMA with a surge in volume.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 64.0, Target 69.0, Stop 61.5
RH PetroGas Ltd (RHP SP)
- Shares rose and closed above the 200dEMA with a jump in volume. The 5dEMA crossed both the 20dEMA and 50dEMA.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 0.194, Target 0.215, Stop 0.184
Dyna-Mac Holdings Ltd (DMHL SP)
- Shares closed at a high since 2015 above the 5mEMA with rising volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 0.300, Target 0.330, Stop 0.285
First Pacific Co. (142 HK)
- Shares rose to a high since Sep 2022, with constructive volume over the past week..
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 2.87, Target 3.07, Stop 2.77
Loccitane International S.A. (973 HK)
- Shares closed higher above the 200dEMA, with a surge in volume.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 22.0, Target 24.0, Stop 21.0
